2024智慧树网课答案国际项目融资最新完整智慧树知到满分章节测试答案

文章目录[隐藏]

绪论单元测试
第一章单元测试
第二章单元测试
第三章单元测试
第四章单元测试
第五章单元测试

绪论单元测试

1、问题:

One of the major challenges of the early twenty first century will be financing the massive investment required to expand the infrastructure needed for economic growth in both developed and emerging market economies.

选项：
A:对
B:错
答案: 【
对
】

第一章单元测试

1、问题:Which one is not part of a larger family of financial techniques known as structured finance.? （）
选项：
A:mortgage backed securities
B:collateralized debt obligations
C:project financing
D:Equity
答案: 【
Equity
】

2、问题:In the case of project financing, the cash flow generated by an asset or pool of assets is used as the basic source of loan repayment rather than the balance sheet of the originator of the transaction. （）
选项：
A:对
B:错
答案: 【
错
】

3、问题:What is the difference between corporate and sovereign finance? （）
选项：
A:When governments undertake projects, they typically rely on allocations from their capital budgets which are funded primarily by tax revenues and domestic and international borrowings.
B:When a private sponsor undertakes a project, it generally funds the project with a combination of its own internal cash resources, external borrowing, and sometimes new equity.
C:They are included on the balance sheet of the governmental or private entity concerned because they rely on the ability of the governmental or corporate originator to generate cash for servicing project debt through tax, general corporate earnings and/or borrowing in the financial markets.
D:These borrowings are based on the overall financial condition and creditworthiness of the government or corporation and its ability to generate cash from all governmental or corporate assets and activities.
答案: 【
When governments undertake projects, they typically rely on allocations from their capital budgets which are funded primarily by tax revenues and domestic and international borrowings.
When a private sponsor undertakes a project, it generally funds the project with a combination of its own internal cash resources, external borrowing, and sometimes new equity.
】

4、问题:The potential disadvantages of project finance include: （）
选项：
A:the length of time that it takes to prepare, negotiate and document the financial arrangements
B:higher costs both in terms of both preparatory expenses and interest rate and other financing costs
C:restrictions on sponsor/SPV freedom of action resulting from lender contractual control
D:difficulty in renegotiating and restructuring
答案: 【
the length of time that it takes to prepare, negotiate and document the financial arrangements
higher costs both in terms of both preparatory expenses and interest rate and other financing costs
restrictions on sponsor/SPV freedom of action resulting from lender contractual control
difficulty in renegotiating and restructuring
】

5、问题:The three main advantages of project finance that often offset the considerable disadvantages for the sponsor are: （）
选项：
A:Debt raised by an SPV may not appear on the sponsor’s balance sheet which may enable the sponsor to (1) expand its debt capacity by avoiding restrictions on additional borrowing in its existing debt instruments and/or (2) limit any loss in connection with the project to its equity investment
B:A sponsor may be able to share risks with other project participants and reduce its exposure to risk that it would need to assume entirely on its own if using traditional corporate finance.
C:The general diversity of lenders and frequent presence of MDB’s and ECA’s in major project financings provides a “halo” effect which may help prevent adverse host government action
D:complexity
答案: 【
Debt raised by an SPV may not appear on the sponsor’s balance sheet which may enable the sponsor to (1) expand its debt capacity by avoiding restrictions on additional borrowing in its existing debt instruments and/or (2) limit any loss in connection with the project to its equity investment
A sponsor may be able to share risks with other project participants and reduce its exposure to risk that it would need to assume entirely on its own if using traditional corporate finance.
The general diversity of lenders and frequent presence of MDB’s and ECA’s in major project financings provides a “halo” effect which may help prevent adverse host government action
】

第二章单元测试

1、问题:Procurement for many projects, especially in the infrastructure sector, is often done in two stages.What are they? （）
选项：
A:The first stage gives lenders the right to step into the position of the SPV concessionaire and cure a default before circumstances arise that would enable the concession to be terminated.
B:The first stage involves the award of a concession (or a PPP agreement or similar contract) by a government to a private sector sponsor to carry out a project in the country concerned.
C:The second stage would enable lenders to obtain all of the rights they need under the concession to run the project in the event that the concessionaire was removed or unable to perform its obligations.
D:The second stage is conducted by the private company awarded the concession and involves the procurement of the goods and services needed to construct and operate the project in accordance with the concession.
答案: 【
The first stage involves the award of a concession (or a PPP agreement or similar contract) by a government to a private sector sponsor to carry out a project in the country concerned.
The second stage is conducted by the private company awarded the concession and involves the procurement of the goods and services needed to construct and operate the project in accordance with the concession.
】