American Depository Receipt (ADR) is a certified negotiable instrument issued by an American bank suggesting the number of shares of a foreign company that can be traded in U.S. financial markets.
A
True
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B
False
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Solution
The correct option is A True American
Depository Receipt (ADR) is a certified negotiable instrument issued by
an American bank suggesting the number of shares of a foreign company
that can be traded in U.S. financial markets- this is a true statement. Common types of ADR are: mediation, concilation, arbitration.