Question

Which of the following is a financial instrument used in international capital market?

• A. Global Depository Receipts
• B. American Depository Receipts
• C. Foreign Currency Convertible Bonds
• D. All of the above

Answer 1

Answer: (D)

All of the above

There are various avenues for organizations to raise funds internationally. Modern companies depend upon sizeable borrowings from the international capital market. Financial Instruments like the Global Depository Receipts, American Depository Receipts, Foreign Currency Convertible Bonds are used in international capital market.