CFA Practice Question

There are 191 practice questions for this study session.

CFA Practice Question

A security issued in the United States that represents shares of stock in a foreign company is called a(n) ______.
A. American depositary receipt (ADR)
B. Euro
C. bought deal
Explanation: ADRs are certificates of ownership issued by banks which hold the shares of a foreign firm in an overseas account. The certificates themselves are denominated in U.S. dollars and pay dividends in U.S. dollars.

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