Statement of stockholders' equity, 2019 common stock retained earnings total stockholders' equity shares amount balances, 12/31/18 million $ million $ million $ million 2019 net income million cash dividends million addition to retained earnings million balances, 12/31/19 million $ million $ million $ million what was arlington's 2019 eva? assume that its after-tax cost of capital is 10%. round your answer to the nearest cent. $ million what was arlington's mva at year-end 2019? assume that its stock price at december 31, 2019 was $25. round your answer to the nearest cent. $ million

Select the correct answer. 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? a. the interest rate on loans will fall. b. people will demand more foreign goods. c. people will start borrowing more money. d. the economy will face inflation. e. foreign investments will increase.