is a negotiable instrument issued by a US bank, representing non-US company stock, trading on the US stock Exchange.

Related MCQs

•              is a negotiable instrument issued by an international depository bank, representing a foreign company stock, trading on global stock Exchanges.
• Under Exchange rate system, there is no interference of monetary authorities to decide exchange rate.
• __________ is a standardized contract to exchange one currency for another at a special date in the future at a price (exchange rate) that is fixed on the purchase date.
•                can authorize a person/company to deal in foreign exchange.
• When a company has receipts & payments in the same foreign currency due at the same time, it can use technique of managing foreign exchange risk.
• ____________ can authorize a person / company to deal in foreign exchange.
• If two banks are quoting the following GBP rates: Bank A : Rs 78.9810 - 79.1110 and Bank B : Rs 79. 0110 - 79.2350. The arbitrage opportunity will be .
• If two banks are quoting the following GBP rates: Bank A: Rs.78.9810-79.1110 and Bank B: Rs.79.0110-19.2350. The arbitrage opportunity will be _________________
• If Quote of Bank ABC is EUR INR 68.00 /30 and Quote of Bank PQR is INR EUR 1.4550/1.4600, arbitrage opportunity will be ___________-
• The world’s major trading currencies, which are free to float against each other, include all of the following except