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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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