American Depository Receipts have all of the following characteristics except:
A) They are bearer shares.
B) They are quoted in US dollars.
C) Dividends on ADRs are paid in US dollars.
D) ADR trades clear in three business days.

Question

Quizplus · Accepted Answer

ADRs are not bearer shares, which means they are not transferable by physical delivery of the certificate. Instead, ownership is recorded electronically and transfers occur through book entry.

American Depository Receipts Have All of the Following Characteristics Except