Economics · Financial Markets
Which one of the following statements is false regarding financial markets and instruments?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Capital market is a market for medium and long term funds.
- 2A Global Depositary Receipt (GDR) is a negotiable instrument issued by a US bank.✓
- 3Many publicly listed companies in India trade their shares through the Bombay Stock Exchange or National Stock Exchange.
- 4Securities that are listed on various stock exchan ges and are eligible for being traded there are called listed securities.
Correct answer
A Global Depositary Receipt (GDR) is a negotiable instrument issued by a US bank.
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