Question

Which of the following best describes a Global Depositary Receipt (GD

  • R ?
A It is a receipt issued by multinational banks on receipt of money
B It is a receipt issued by stock exchange to bank for clearing
C It is a receipt issued by an overseas bank in lieu of shares of a domestic company
D It is a receipt issued by stock exchange on investment by FPI
E It is a receipt issued by IMF to member nations that represent forex reserve currency
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