Q.

Which of the following is not true about ADR?

A. an adr is a u.s. dollar denominated form of equity ownership in a non-u.s. company.
B. adrs may be used in public or private markets inside or outside us.
C. adrs do not eliminate the currency risk associated with an investment in a nonu.s. company.
D. adr represents the foreign shares of the company held on deposit by a custodian bank in the company\s home country. ad
Answer» B. adrs may be used in public or private markets inside or outside us.
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