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FinCap Friday: A Bank Run is No Fun Flashcards | StudBud

Explore/FinCap Friday: A Bank Run is No Fun

FinCap Friday: A Bank Run is No Fun

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Questions 5

Answers

1
Why did Silicon Valley choose to sell bonds at a loss in early 2023?
They wanted to trade those bonds for stocks.
They couldn't afford to pay the withdrawal requests.
They wanted to use the cash to buy a physical bank building.
They wanted to have extra cash on hand in case they needed it.
2
What do banks do with customer deposits?
They either give it to charity or invest it.
They hold all of the deposits in their vaults.
They always invest every dollar that gets deposited.
They either lend or invest most of the deposits.
3
What do experts suggest you do to protect your funds when choosing a bank?
Bank at whichever institution offers the highest interest.
Bank wherever your closest friends do their banking.
Bank with the institution that has the best technology and features.
Only bank with institutions that are federally insured.
4
How did social media play a role in the collapse of Silicon Valley Bank?
It led to a calmer public because of constant updates.
It was not impactful at all in the bank's failure.
It helped Silicon Valley Bank explain the facts to the public.
It caused mass panic and led to a bank run.
5
Which of the following is true about Silicon Valley Bank in early 2023?
It was the bank that held the least amount of funds
It was the single largest bank in America
It was the 16th largest bank in America
It was the smallest bank in America