124
Question
ADRs are issued in
(a) Canada
(b) China
(c) India
(d) USA
ADRs are issued in
(a) Canada
(b) China
(c) India
(d) USA
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Solution
The abbreviation ADRs stands for American Depository Receipts. They are receipts of companies based in the US and are traded like any other securities. However, such trading is restricted to the markets of the US only. They can be sold only to American citizens.
Hence, the correct answer is option (d).
The abbreviation ADRs stands for American Depository Receipts. They are receipts of companies based in the US and are traded like any other securities. However, such trading is restricted to the markets of the US only. They can be sold only to American citizens.
Hence, the correct answer is option (d).
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