Problem
Bank runs and the money multiplier preferring to hold on to their cash. During the Great Depression, the U.S. economy experienced many bank runs, to the point where people became unwilling to keep their money in banks, preferring to hold on to their cash cash. How would you expect such a shift away from checkable deposits toward currency to affect the size of the money multiplier?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.