Which statement is not true about a bank run? 1. Since the Great Depression, the government has enacted regulations that have eliminated most bank runs. 2. Fears leading to bank runs can be self - fulfilling. 3. Bank runs are bad for the bank affected and usually good for the bank's competitors. 4. Deposit insurance is designed to reduce the risk of bank runs for depository banks. 5. There was a wave of bank runs during the Great Depression