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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.
NEW QUESTION: 2
You are working on an implementation of Oracle Purchasing at a financial institution. The client has strategically sourced a firm for all its desktop needs. Volume discounts apply. The client has standardized pricing requirements for specific brands of equipment and peripherals. Which two types of procurement documents would you suggest?
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E. Global Agreement
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