Certificates representing ownership in shares of foreign companies, which are held in a trust bank located in the country the share is traded are called __________.

Question

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Certificates representing ownership in shares of foreign companies held in trust banks located in the country of the share are called American Depository Receipts (ADRs). ADRs provide investors with an easier way to invest in foreign companies as they are traded on U.S. stock exchanges and denominated in U.S. dollars.

Certificates Representing Ownership in Shares of Foreign Companies, Which Are