Question

A bank certificate issued in more than one country for

Q: Answer-A bank certificate issued in more than one country for shares in a foreign company. The shares are h...

Global Depository Receipt is a foreign currency-denominated negotiable instrument. Indian companies can trade their shares on international exchanges other than the US through a GDR. A foreign depository issues the depository receipt for an Indian company.

shares in a foreign company. The shares are held by a foreign branch of an International Bank. This certificate is called:

A Certificate of deposit

B American Depository Receipts

C Global depository receipts

D Floating rate Notes

E None of the above.

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A bank certificate issued in more than one country for

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