
Chartered Financial Analyst Level 1
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Common shares that are tradeable on different stock exchanges in various currencies are most accurately referred to as:
Common shares that are tradeable on different stock exchanges in various currencies are most accurately referred to as:
Explanation:
Explanation:
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Option A (Correct): Global registered shares (GRS) are common shares that can be traded on multiple stock exchanges worldwide in different currencies. This aligns with the description in the question.
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Option B (Incorrect): Global depository receipts (GDRs) are securities that trade on a local exchange and represent an economic interest in a foreign company. They are not tradeable on multiple exchanges in different currencies.
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Option C (Incorrect): A basket of listed depository receipts (BLDR) is an exchange-traded fund (ETF) that represents a portfolio of depository receipts, not individual common shares tradeable on multiple exchanges.