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. |