Business Studies

Select the proper option from the options given and rewrite the sentences:
'Global Depository Receipt' enables to raise more capital in the ______ market.


ANSWER

International


SOLUTION
  • Financial Intermediaries such as depository banks purchase the shares in one country, create a GDR containing those shares, and sell the GDR in the foreign market. 
  • It helps companies raise capital from foreign markets means international market. GDR is a negotiable instrument, which can be denominated in any freely convertible security
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Single Correct Medium Published on 18th 08, 2020
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