Which of the following is not true regarding ADRs?
A) ADRs are denominated in the currency of the stock's home country.
B) ADRs enable U.S. investors to avoid cross-border transactions
C) ADRs allow non-U.S. firms to tap into U.S. market for funds.
D) ADRs sometimes allow for arbitrage opportunities.
Correct Answer:
Verified
Q76: Shareholders can have influence on a wider
Q77: The interest rate in developing countries is
Q78: The largest global exchange is:
A) NASDAQ
B) Tokyo
Q79: In general, common law countries such as
Q80: Shareholders have more voting power in some
Q82: Assume a U.S. firm has to pay
Q83: Assume that the spot rate of the
Q84: Which of the following is not true
Q85: The more intense the competition for the
Q86: Banks charge larger bid/ask spreads than they
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents