| Question: Which of the following is not true about ADR? | A. | an adr is a u.s. dollar denominated form of equity ownership in a non-u.s. company. | B. | adrs may be used in public or private markets inside or outside us. | C. | adrs do not eliminate the currency risk associated with an investment in a nonu.s. company. | D. | adr represents the foreign shares of the company held on deposit by a custodian bank in the company\s home country. ad | Answer» b. adrs may be used in public or private markets inside or outside us. |  
| Note: | The above multiple-choice question is for all general and Competitive Exams in India. |