The depository receipts issued by a company in the USA are known as____________.

Global Depository Receipts

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American Depository Receipts

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Foreign Currency Convertible Bonds

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All of the above

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Solution

The correct option is C American Depository Receipts
The depository receipts issued by a company in the USA are known as American Depository Receipts. ADRs are bought and sold in American markets like regular stocks. It is similar to Global Depository Reciepts.

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

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