Certificates of Ownership Issued by a U

question 22

Multiple Choice

Certificates of ownership issued by a U.S.bank that represent indirect ownership of a certain number of shares of a specific foreign firm on deposit in a bank in the firm's home country are known as:

• A) American Depository Receipts (ADRs)
• B) Exchange Traded Funds (ETFs)
• C) Warrants
• D) Options
• E) Futures

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Definitions:

Medicare Tax

A federal tax that funds Medicare, a U.S. government health insurance program for individuals who are 65 years old and over.

Unemployment Compensation

Financial payments made to individuals who have lost their jobs through no fault of their own, intended to provide temporary financial assistance.

Internal Controls

Processes and procedures implemented by a business to safeguard assets, enhance accuracy of financial records, and increase efficiency.

Payroll

Payroll refers to the process by which employers pay an employee for the work they have completed during a certain period of time.