1. Certificates representing ownership in stocks of foreign companies, which are

Question

1.     Certificates representing ownership in stocks of foreign companies, which are held in a trust bank located in the country the stock is traded are called __________.

a.

Certificates of Ownership

b.

Foreign Stock Funds

c.

Mutual Funds

d.

American Depository Receipts

e.

Investment Bankers

  

a.

     

Certificates of Ownership

     

b.

     

Foreign Stock Funds

     

c.

     

Mutual Funds

     

d.

     

American Depository Receipts

     

e.

     

Investment Bankers

   Certificates representing ownership in stocks of foreign companies, which are held in a trust bank located in the country the stock is traded are called

Explanation / Answer

American Depository Receipts

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