Springer Corporation had the following transactions in August: Earned $3,000 of revenues on account; collected $4,000 from a customer for services provided last month; incurred $400 of repair expense and paid cash; paid $300 for rent that it owed from the previous month. What is the net income in August?

The distinction between a normal and an inferior good is

Refers to the way we conduct ourselves

After the 2008 recession, the amount of reserves in the us banking system increased. because of federal reserve actions, required reserves increased from $44 billion to $60 billion. however, banks started holding more reserves than required. by january 2009, banks were holding $900 billion in excess reserves. the federal reserve started paying interest on the excess reserves that the banks held. what possible impact will these unused reserves have on the economy?