Maharashtra State BoardHSC Commerce 12th Board Exam
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Correct the underlined word and rewrite the following sentence. Depository Receipt traded in USA is called as Global Depository Receipt. - Secretarial Practice

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One Line Answer

Correct the underlined word and rewrite the following sentence.

Depository Receipt traded in USA is called as Global Depository Receipt.

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Solution

Depository Receipt traded in USA is called as American Depository Receipt.

Concept: Sources of Borrowed Capital - American Depository Receipt (ADR)
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APPEARS IN

Balbharati Secretarial Practice 12th Standard HSC Maharashtra State Board
Chapter 2 Sources of Corporate Finance
Exercises | Q 1. I) 7. | Page 37
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