Question

When  a  depositary bank   issues a  Depository Receipt (D

  • R without the explicit involvement or consent of the foreign company whose shares are represented by the DR ,  it is known  as __ ____    
A Unsecured Depository Receipts
B Unsponsored Depository Receipts
C Unauthorized Depository Receipts
D Non-participatory Depository Receipts
E Non-convertible Depository Receipts
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