Multiple Choice
Which of the following is true regarding American securities exchanges?
A) The US and the UK have a system of reciprocity in place for listing the securities on one another's stock exchanges.
B) The SEC does not allow foreign companies that do not use U.S. GAAP to be listed on American stock exchanges.
C) Most Japanese firms listed for trading on American securities exchanges use U.S. GAAP.
D) Canadian companies may list existing shares for trading on American stock exchanges, but may not list new stock issues.
Correct Answer:
Verified
Correct Answer:
Verified
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