Question

Which of the following correctly describes the function of an 'American Depository Receipt (AD

  • R '?
A It lets Indian investors buy US company shares directly on the NSE
B It enables a non-US company's shares to trade on US exchanges denominated in dollars
C It permits the RBI to float dollar bonds in the US market
D It allows US mutual funds to invest directly in Indian debt instruments
E It lets Indian firms list directly on NASDAQ without any intermediary
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