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.