Question

A Global Depository Receipt is a bank certificate that is basically issued in more than one country for shares in a foreign company.

• A. True
• B. False

Answer 1

The correct option is A

True

True. A Global Depository Receipt is a bank certificate that is basically issued in more than one country for shares in a foreign company. These shares are held by a foreign branch of an international bank. These shares trade like domestic shares, but these are offered for sale globally through various branches of the banks.