Economics · International Financial Instruments
Read Statements I and II and select the correct answer: Statement I: A Global Depository Receipt (GDR) is a bank certificate issued in more than one country for shares in a foreign company. Statement II: American Depository Receipts (ADRs) are the exact same as Global Depository Receipts and can be issued globally.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both Statement I and II are correct
- 2Statement I is correct but II is incorrect✓
- 3Statement I is incorrect but II is correct
- 4Both Statement I and II are incorrect
Correct answer
Statement I is correct but II is incorrect
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