Consider the following statements about the international financial sources :

I. A Global Depository Receipt (GDR) is a bank certificate issued in more than one country for shares in a foreign country.

II. A GDR is very similar to American Depository Receipt (ADR).

Select the correct option.

1
Statement I is correct and statement II is incorrect
2
Statement II is correct and statement I is incorrect
3
Both statements I and II are correct
4
More than one of the above
5
None of the above

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