An American Depository Receipt (ADR)
A)is a type of Exchange Traded Fund (ETF).
B)represents ownership of one or more shares of a foreign stock.
C)is debt of the U.S. government sold to overseas investors.
D)is debt issued by a commercial bank.

Question

Quizplus · Accepted Answer

An American Depository Receipt (ADR) represents ownership of one or more shares of a foreign stock. It is a way for American investors to buy stock in foreign companies without having to deal with foreign exchanges or currencies. ADRs are traded on U.S. exchanges just like regular stocks. An American Depository Receipt (ADR) represents ownership of one or more shares of a foreign stock. It is not an ETF, debt of the U.S. government, or debt issued by a commercial bank.