Question

4 right the difference between global depositary receipt and American depositary receipt​

Answer 1

Answer:

Explanation:

ADR                                                GDR

American Depository Receipts   Global Depository Receipts

Definition

American Depository Receipts (ADR) is a type of negotiable security instrument that is issued by a US bank on behalf of a non-US company, which is trading on the US stock exchange.

Global Depository Receipts (GDR) are a type of negotiable instruments that are issued by a foreign depository bank for trading of shares of a company in an international market

Currency traded in

US Dollars                                                US Dollars, Euro

Purpose

To acquire resources in the US Market

To acquire resources in the International Market

US Capital Market                                       European Capital Market