Questions 1. Explain how the US subprime assets and oil prices affected the GCC economies during the global financial crisis 2008-2009. (1 Mark) 2. During 2008-2009 financial crisis, were GCC commercial banks and sovereign wealth funds affected? Explain your answer by discussing the exposure of commercial banks and government to the subprime assets.. (1 Mark) 3. Analyze the role played by bank's quality assets in GCC countries during the crisis financial crisis. (2 Marks) 4. Explain how the prudential regulations and the stress tests can thwart the moral hazard problem and excessive leverage in financial institutions. (2 Marks)