Question

A dollar denominated instrument, tradable on stock exchange in Europe or private placement in USA, representing one or more shares of the issuing company is called-

Q: Answer-&lt;p&gt;&lt;strong&gt;A dollar denominated instrument, tradable on stock exchange in Europe or priv...

A global depository receipt GDR is a certificate issued by a depository bank, which purchases shares of foreign companies and deposits it on the account. They are the global equivalent of the original American depository receipts ADR on which they are based. GDRs represent ownership of an underlying number of shares of a foreign company and are commonly used to invest in companies from developing or emerging markets by investors in developed markets.