________,unlike ADRs,can trade across many markets and settle in the currency of each market.

Question

Quizplus · Accepted Answer

Global Depository Receipts (GDRs) are issued by custodian banks and represent a specific number of shares in a foreign company. They can be traded on multiple markets and settled in the currency of each market. ADRs, on the other hand, are issued by banks in the United States and can only be traded in the United States. Global Registered Shares (GRSs) are similar to GDRs but are registered directly with the company, while Euro Equities are simply shares of European companies traded on European exchanges. Cross-listed stock refers to a company's shares being listed on multiple exchanges, but it does not necessarily allow for multiple-currency settlement.

________,Unlike ADRs,can Trade Across Many Markets and Settle in the Currency