Which one of these is a U.S.company-sponsored security that trades on an exchange and has an underlying value based on foreign securities?

Question

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An American Depository Receipt (ADR) is a U.S. company-sponsored security that trades on an exchange and has an underlying value based on foreign securities. ADrs provide U.S. investors access to foreign markets without having to purchase securities on foreign exchanges. Yankee bonds, foreign bonds, Gilts, and Eurobonds are all debt securities, but none of them are U.S. company-sponsored securities with an underlying value based on foreign securities.

Which One of These Is a U