American Depository Receipts (ADRs) Are

American depository receipts (ADRs) are:

A) stocks issued directly by foreign corporations but traded on U.S. stock exchanges.
B) bonds issued by the U.S. government on behalf of foreign governments.
C) receipts for actual foreign stocks deposited in U.S. banks that are traded on a U.S. stock exchange such as the New York Stock Exchange or the NASDAQ.
D) illegal but still often used by Americans seeking to hide money overseas.