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American Depository Receipts Are Financial Assets That Are Issued by a ____

Question 20

Multiple Choice

American Depository Receipts are financial assets that are issued by a ____ and represent indirect ownership of a certain number of shares of a specific foreign firm that are held on deposit in a bank in the firm's home country.


A) U.S. brokerage
B) U.S. stock exchange
C) foreign brokerage
D) U.S. bank

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