CFA Practice Question

There are 191 practice questions for this study session.

CFA Practice Question

______ ADRs are intended to be purchased by qualified institutional buyers only.
A. Level II
B. Level III
C. Rule 144A
Explanation: Rule 144A ADRs are used to raise money from private institutional buyers.

User Contributed Comments 2

User Comment
Josh_K I always thought that private buyers are the opposite of institutional buyers
alexa821 me too..
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