American Depository Receipts 1. represent American securities traded abroad 2. r

Question

American Depository Receipts
1. represent American securities traded abroad 2. represent foreign stocks traded in the United States 3. facilitate trading in foreign stocks 4. facilitate trading in American securities Answer a. 1 and 3 b. 1 and 4 c. 2 and 4 d. 2 and 3 American Depository Receipts
1. represent American securities traded abroad 2. represent foreign stocks traded in the United States 3. facilitate trading in foreign stocks 4. facilitate trading in American securities 1 and 3 1 and 4 2 and 4 2 and 3 1. represent American securities traded abroad 2. represent foreign stocks traded in the United States 3. facilitate trading in foreign stocks 4. facilitate trading in American securities

Explanation / Answer

An American depositary receipt (ADR) is a negotiable security that represents securities of a non-US company that trades in the US financial markets

c. 2 and 4

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