Fredrick received a $ 1.400 loan from the bank for a new appliance. The bank is using the simple interest formula for this two-year, 8% loan. What is his total interest? $1.4I6 $16 $112 $224 $80 If you think your identity has been stolen, which of the following actions does the Federal Trade Commission recommend you take immediately? Report it to your neighbor. File a police report. Call 9ll. Contact your employer Contact your local bank. All of the following are warning signs of debt problems except You pay your credit card bills in full each period. You receive second and third payment due notices from creditors. You exceed the credit limits on your credit cards. You use savings to pay for necessities such as food and utilities. The total balance on your credit cards increases every month. The Equal Credit Opportunity Act (ECOA) prohibits a lender from discriminating based on Nationality. Sex. Race. Age. All of these are prohibited. Which of the following is an example of closed-end credit? A mortgage loan. A department store credit card. Travel and entertainment cards Overdraft protection. All of these are examples of closed-end credit