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      Question

      Which of the following does not issue Global Depository

      Receipt?
      A JP Morgan Correct Answer Incorrect Answer
      B Citi group Correct Answer Incorrect Answer
      C U.S. Depository Bank Correct Answer Incorrect Answer
      D Deutsche Bank Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      A global depositary receipt (GDR) is a bank certificate issued in more than one country for shares in a foreign company. The shares are held by a foreign branch of an international bank. The shares trade as domestic shares but are offered for sale globally through the various bank branches.

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