Find important banking term that is useful in upcoming banking exam.
Global Depository Receipt is a bank certificate 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 are trades as domestic shares but are offered for sale globally through the various bank branches. A GDR is a very similar to an American Depository Receipt.
Question
GDR stands for
Ans. 2
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