ECONOMIC INVESTIGATOR(EO) -2019 A Global Depositary Receipt (GDR) is a negotiable certificate issued by a depository bank in respect of the underlying shares of a foreign company that are held by the bank. GDRs allow investors to trade shares of foreign companies on their local stock exchanges.
What does the abbreviation 'GDR' refer to?
Asked in Economic Investigator(EI) 2018 · Topic: Money & Banking (Financial Markets: Money Market and Capital Market (Components, Instruments, Role))
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