Non-U.S.firms may list their equity securities on U.S.exchanges by issuing negotiable certificates that represent an equivalent amount of stock ownership.These certificates are known as:
A)American Depositary Receipts.
B)Initial Public Offerings.
C)Seasoned Public Offerings.
D)Negotiable Certificates of Deposit.

Question

Quizplus · Accepted Answer

Non-U.S. firms can list their equity securities on U.S. exchanges by issuing American Depositary Receipts (ADRs), which are negotiable certificates that represent an equivalent amount of stock ownership. ADRs are the most common way for non-U.S. companies to trade on a U.S. exchange without having to comply with U.S. reporting requirements or regulations.

Non-USFirms May List Their Equity Securities on U