2. The root causes of the Global Financial Crisis in Europe were (Check all that apply):

A.Excessive lending by banks accessing funds from the Global Savings Glut

B. A housing crisis

C. The lowering of interest rates

D. An across the board lack of confidence in depositor banks by new retirees

6. Which of the following is not a reason that Icelands GKL banks sought out online depositors? (Select all that apply)

A. A fear that the Krona would be devalued if Iceland joined the European Union

B. The need to address a funding gap resulting from a lending boom

C. Concern from the investment community about its ability to maintain its wholesale lending sources, which were largely foreign

D. New Icelandic banking regulations that restricted the size of deposits that each citizen could maintain