A certificate that represents shares of a foreign stock issued by a U.S.bank is called an:

Question

Quizplus · Accepted Answer

An American depository receipt (ADR) is a certificate issued by a U.S. bank that represents shares of a foreign company's stock. ADRs trade on U.S. stock exchanges and allow U.S. investors to invest in foreign companies without having to trade on foreign stock exchanges. Letters of credit are financial guarantees used in international trade transactions, foreign credit is not a widely recognized financial term, and exchange contract is too broad and vague to be a specific answer for this question.

A Certificate That Represents Shares of a Foreign Stock Issued