Select the correct code of the following statements being correct or incorrect.Statement (I) : A Global Depositary Receipt (GDR) is a bank certificate issued in more than one country for shares in a foreign company.Statement (II) : A GDR is very similar to American Depositary Receipt (ADR)Statement (III) : GDRs are called EDRs when private markets are attempting to obtain Euros.

Question

Select the correct code of the following statements being correct or incorrect.Statement (I) : A Global Depositary Receipt (GDR) is a bank certificate issued in more than one country for shares in a foreign company.Statement (II) : A GDR is very similar to American Depositary Receipt (ADR)Statement (III) : GDRs are called EDRs when private markets are attempting to obtain Euros.

TuteeHUB · Accepted Answer

Statements (I) and (II) are correct but (III) is incorrect

TuteeHUB · Answer

Statements (I), (II) and (III) are correct.

TuteeHUB · Answer

Statements (I) and (III) are correct but (II) is incorrect.

TuteeHUB · Answer

Statements (II) and (III) are correct but (I) is incorrect.

1.	Select the correct code of the following statements being correct or incorrect.Statement (I) : A Global Depositary Receipt (GDR) is a bank certificate issued in more than one country for shares in a foreign company.Statement (II) : A GDR is very similar to American Depositary Receipt (ADR)Statement (III) : GDRs are called EDRs when private markets are attempting to obtain Euros.
A.	Statements (I), (II) and (III) are correct.
B.	Statements (I) and (II) are correct but (III) is incorrect
C.	Statements (I) and (III) are correct but (II) is incorrect.
D.	Statements (II) and (III) are correct but (I) is incorrect.
Answer» B. Statements (I) and (II) are correct but (III) is incorrect

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