CUET Preparation Today
What are American Depository Receipts? |
The depository receipts issued by a company in the USA The depository receipts issued by a company in the UK The depository receipts issued by a company in the India Financial instrument denominated in Indian Rupees in the form of a Depository Receipt |
The depository receipts issued by a company in the USA |
The correct answer is option 1- The depository receipts issued by a company in the USA. 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 a GDR except that it can be issued only to American citizens and can be listed and traded on a stock exchange of USA. |
