Shares of several foreign firms are traded in the U.S.markets in the form of

Name: Shares of several foreign firms are traded in the U.S.markets in the form of
Brand: Quizplus
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Question

Quizplus · Accepted Answer

ADRs, or American Depositary Receipts, are specifically designed to enable foreign firms to trade their shares in the U.S. markets. ECU, or European Currency Unit, is not relevant to this context as it was the precursor to the Euro currency. Single-country funds may or may not include shares of foreign firms, so it is not an accurate choice.

Shares of Several Foreign Firms Are Traded in the U