Consider the following statements i. American depositary receipts are – McqOptions

MCQOPTIONS

1.	Consider the following statements i. American depositary receipts are securities of a non-US company that trade in the US financial markets. ii. ADR is a negotiable security which represents securities of companies that is foreign to the market which the DR trades. Which of the statements given above is/are correct?
A.	Only 1
B.	Only 2
C.	Both 1 and 2
D.	Neither 1 nor 2
Answer» D. Neither 1 nor 2

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