UGC NET COMMERCE July 2018 Q91

0. Select the correct code of the following statements being correct or incorrect.
Statement (I): A Global Depositary Receipt (GDR) is a bank certificate issued in more than one country for shares in a foreign company.
Statement (II): A GDR is very similar to American Depositary Receipt (ADR)
Statement (III): GDRs are called EDRs when private markets are attempting to obtain Euros.

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