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Which of the following statements is true about the cause of the Northern Rock bank run in 2007? Multiple Choice Northern Rock was heavily invested
Which of the following statements is true about the cause of the Northern Rock bank run in 2007? Multiple Choice Northern Rock was heavily invested in nearly worthless loans and financial products that had been created during the U.S. housing bubble. Northern Rock was indebted heavily to the British Government. Northern Rock's executives received very hefty bonuses that lead to the bank's demise. Customers lost faith in the banking system and decided to withdraw their deposits at Northern Rock
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