A(n) ____ is a certificate which represents ownership of a foreign stock.

Question

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ADR stands for American Depository Receipt, which is a certificate that represents ownership of a foreign stock. ADRs are issued by American banks and represent a specific number of shares in a foreign stock. They are traded on American stock exchanges and allow American investors to invest in foreign companies without going through the hassle of buying and selling foreign currencies or dealing with foreign regulations. The other options, SEAQ, Nasdaq, and AMEX, are all stock exchanges but do not specifically relate to ownership of foreign stocks.

A(n) ____ Is a Certificate Which Represents Ownership of a Foreign