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NEW QUESTION: 1
An ADR is:
A. another name for bankers' acceptances.
B. a bond issued by an American firm that is denominated in dollars, but is sold to foreign investors.
C. a certificate of deposit offered by a foreign bank that is denominated in U.S. dollars.
D. a receipt designating ownership of shares of a foreign stock that are held in a trust.
Answer: D
Explanation:
Explanation/Reference:
Explanation: An ADR is a receipt designating ownership of shares of a foreign stock that are held in a trust.
The acronym stands for American Depository Receipt.
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