To facilitate foreign trading in shares, brokerage firms use depository receipts.

Name: To facilitate foreign trading in shares, brokerage firms use depository receipts.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Yes, brokerage firms use depository receipts to facilitate foreign trading in shares. Depository receipts are financial instruments that represent ownership of shares in a foreign company. These receipts are traded on a local exchange, making it easier for investors to invest in foreign companies.

To Facilitate Foreign Trading in Shares, Brokerage Firms Use Depository