. An American Depositary Receipt is defined as a security: A. that has been deposited in an interest-bearing account at a U.S. bank. B. issued outside the U.S. that represents shares of a U.S. stock. C. issued in the U.S. that represents shares of a foreign stock. D. that has a guarantee of payment from a U.S. bank. E. issued in multiple countries but denominated in U.S. currency.
. An American Depositary Receipt is defined as a security: A. that has been deposited in an interest-bearing account at a U.S. bank. B. issued outside the U.S. that represents shares of a U.S. stock. C. issued in the U.S. that represents shares of a foreign stock. D. that has a guarantee of payment from a U.S. bank. E. issued in multiple countries but denominated in U.S. currency.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
. An American Depositary Receipt is defined as a security:
|
A. |
that has been deposited in an interest-bearing account at a U.S. bank. |
|
B. |
issued outside the U.S. that represents shares of a U.S. stock. |
|
C. |
issued in the U.S. that represents shares of a foreign stock. |
|
D. |
that has a guarantee of payment from a U.S. bank. |
|
E. |
issued in multiple countries but denominated in U.S. currency. |
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