27. Write a short note on Financial Institutions.
29. What are Gdr? State its features.
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Answer.27
A financial institution (FI) is a company engaged in the business of dealing with financial and monetary transactions such as deposits, loans, investments, and currency exchange. ... Financial institutions can operate at several scales from local community credit unions to international investment banks
Answer.28
It is a negotiable instrument which is denominated in some freely convertible currency. GDRs enable a company, the issuer, to access investors in capital markets outside of its home country. Several international banks issue GDRs, such as JPMorgan Chase, Citigroup, Deutsche Bank, The Bank of New York Mellon.
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