Which one of the following securities is used as a means of investing in a foreign stock that otherwise could not be traded in the United States?

Question

Quizplus · Accepted Answer

American Depository Receipts (ADRs) are securities that represent shares of foreign companies that are held by a US bank. ADRs are listed on US stock exchanges and can be traded like domestic stocks, making them accessible to US investors who want to invest in foreign companies. Yankee bonds are debt securities issued by foreign companies in the US market, and Yankee stocks do not exist as a financial instrument. LIBOR is a benchmark interest rate for interbank lending, and gilt is a type of British government bond.

Which One of the Following Securities Is Used as a Means