B为什么不对

问题如下：

Quasi-governmental bonds are most likely:

选项：

A.issued by a national government in a foreign currency. B.issued by a governmental body below the national level. C.repaid from cash flows generated by the issuer or from the project being financed.

解释：

C is correct. Quasi-governmental bonds are issued by entities created by national governments that are not governmental bodies. They do not generally have taxing authority and, therefore, must repay debt from cash flows they generate through fees for their services (e.g., servicing and insuring home mortgages) or cash flows generated by the projects they undertake (e.g., a toll highway or bridge).

A is incorrect. Quasi-governmental bonds are not issued by national governments.

B is incorrect. Debt issued by governmental bodies below the national level are generally known as non-sovereign government bonds or non-sovereign bonds. Specific names are used on the basis of the country of origin (e.g., municipal bonds for those issued in the United States and local authority bonds in Great Britain).

考点：agency bond

解析：准政府机构发行的债券，也可以称为agency bond。这些机构是有政府信用作为担保，由政府出资成立的机构。它们还本付息的现金流来自于服务费或者其承担项目所产生的收益，故选项C正确。