A.......... is a type of transferable financial instrument traded on a local stock exchange of a country but represents a security issued by a foreign publicly listed company.

A.......... is a type of transferable financial instrument traded on a

1.	A.......... is a type of transferable financial instrument traded on a local stock exchange of a country but represents a security issued by a foreign publicly listed company.
A.	depository receipt
B.	derivative
C.	option
D.	participatory notes
E.	None of these
Answer» B. derivative

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A.......... is a type of transferable financial instrument traded on a local stock exchange of a country but represents a security issued by a foreign publicly listed company.

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