Business Studies · Sources of Business Finance
Consider the following statements about international financial sources: I. A Global Depository Receipt (GDR) is a negotiable instrument issued by a depository bank evidencing shares in a foreign company. II. A GDR is very similar to an American Depository Receipt (ADR) but is traded outside the United States. Select the correct option.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both statements I and II are incorrect
- 2Both statements I and II are correct✓
- 3Statement II is correct and statement I is incorrect
- 4Statement I is correct and statement II is incorrect
Correct answer
Both statements I and II are correct
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