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Question
GDRs are usually denominated in U.S. dollars.
GDRs are usually denominated in U.S. dollars.
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Solution
The correct option is A True
GDRs are usually denominated in U.S. dollars- this is a true statement.GDR is a foreign currency denominated derivative instrument in the form
of depository receipt created outside India and issued to non-resident
investors. GDR stands for Global Depository Receipt. It is a bank
certificate issued in more than one country for shares in a foreign
company.
GDRs are usually denominated in U.S. dollars- this is a true statement.GDR is a foreign currency denominated derivative instrument in the form of depository receipt created outside India and issued to non-resident investors. GDR stands for Global Depository Receipt. It is a bank certificate issued in more than one country for shares in a foreign company.
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