Economics · Capital Markets
Consider the following statements regarding American Depository Receipts (ADRs) and Global Depository Receipts (GDRs): I. GDRs can be denominated in a currency other than US Dollars, whereas ADRs must be denominated in US Dollars. II. ADRs are primarily listed and traded on US stock exchanges like NYSE or NASDAQ, while GDRs are typically listed on European exchanges. III. ADRs can only be issued through a Sponsored mechanism, while GDRs can be issued through both Sponsored and Unsponsored mechanisms. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I, II, and III
- 2I and III only
- 3II and III only
- 4I and II only✓
Correct answer
I and II only
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