Negotiable certificates issued by a U.S. bank in the United States to represent the underlying shares of stock, which are held in a trust at a custodian bank in a foreign country, are called ________.

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The negotiable certificates issued by a U.S. bank in the United States to represent the underlying shares of stock, which are held in a trust at a custodian bank in a foreign country, are called American Depository Receipts (ADRs). SDRs (Special Drawing Rights) are international reserve assets created by the IMF, FDRs (Federal Deposit Receipts) do not exist, and IOUs are informal debt instruments.

Negotiable Certificates Issued by a U