A(n)________ is a marketable document (a receipt)that certifies a bank holds shares of a foreign firm's stock that backs the receipt.
A)FINRA
B)MDR
C)FFS
D)ADR

Question

Quizplus · Accepted Answer

ADR (American Depositary Receipt) is a marketable document that certifies a bank holds shares of a foreign firm's stock that backs the receipt. ADRs allow U.S. investors to invest in foreign companies without having to directly trade on foreign exchanges. FINRA (Financial Industry Regulatory Authority) is a regulatory organization, MDR and FFS are not relevant in the context of this question.

A(n)________ Is a Marketable Document (A Receipt)that Certifies a Bank