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.
1
Statements (I), (II) and (III) are correct.
2
Statements (I) and (II) are correct but (III) is incorrect
3
Statements (I) and (III) are correct but (II) is incorrect.
4
Statements (II) and (III) are correct but (I) is incorrect.