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