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American-depository-receipt

American Depository Receipt (ADR)


June 11, 2011 | Capital Markets

What does an American Depository Receipt (ADR) represent?




Quiz Results
Answer Key #1 A U.S. security traded in a foreign market
#2 A foreign security in a U.S. market
#3 A U.S. CD held by a foreign entity
#4 A foreign CD held by a U.S. entity

Correct Answer: # 2


Explanation:
An ADR is a receipt issued by U.S. banks that shows ownership of a foreign security.

These receipts are then traded in U.S. securities markets.



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