Multiple Choice
Which of the following is true of American Depository Receipts (ADRs) ?
A) Investors who buy ADRs have to pay a currency-conversion fee.
B) There is a minimum purchase requirement for ADRs.
C) Companies offer ADRs in the U.S. to appeal to mutual funds.
D) ADRs are listed and traded in London and Luxembourg.
Correct Answer:
Verified
Correct Answer:
Verified
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