Question 3 (2.94 points) Which of the following is NOT a correct statement? Lagging refers to the delay of payment by a subsidiary if the currency denominating the payable is expected to depreciate. A project finance refers to the financing of long-term infrastructure, industrial projects and public services based upon a non-recourse or limited recourse financial structure where project debt and equity used to finance the project are paid back from the cashflow generated by the project. Exchange rate movements is a form of financial risk. A macro-assessment of country risk is adjusted for the particular business of the firm involved