Solved

An American Depositary Receipt Is Defined as a Security

Question 14

Multiple Choice

An American Depositary Receipt is defined as a security:


A) that has been deposited in an interest-bearing account at a U.S.bank.
B) issued outside the U.S.that represents shares of a U.S.stock.
C) issued in the U.S.that represents shares of a foreign stock.
D) that has a guarantee of payment from a U.S.bank.
E) issued in multiple countries but denominated in U.S.currency.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents