American Depositary Receipts (ADRs) are denominated in U.S. dollars and traded on U.S. security exchanges. but track the performance of a foreign corporation.

Question

Quizplus · Accepted Answer

ADRs represent shares in foreign companies but are traded on U.S. exchanges in U.S. dollars, allowing American investors to invest in foreign companies without dealing with foreign currency exchange.

American Depositary Receipts (ADRs) Are Denominated in U