________ are traded in Luxembourg and London and represent a specific number of shares in an outside company.
A) Common stock
B) Bills of lading
C) Revocable letters of credit
D) Global Depository Receipts

Question

Quizplus · Accepted Answer

Global Depository Receipts (GDRs) are a type of financial instrument that allows traders to invest in foreign companies without having to purchase shares on foreign exchanges. GDRs are typically traded in London or Luxembourg and represent a specific number of shares in the foreign company.

________ Are Traded in Luxembourg and London and Represent a Specific