Which of the Following Is a Security That Represents Shares

question 35

Multiple Choice

Which of the following is a security that represents shares of a foreign company, which are held in a bank?

• A) Convertible bond
• B) American Depository Receipt (ADR)
• C) Asset-backed security
• D) LEAPS

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Definitions:

Revoke Offer

The withdrawal of an offer by the offeror before it is accepted by the offeree, rendering the offer void.

Essential Terms

Critical conditions or stipulations in a contract that are necessary for it to be enforceable and determine its nature and scope.

Contract

An agreement between two or more parties that is enforceable by law and legally binding.

Subject Matter

The topic or substance of a discussion, document, or work, especially in legal contracts or litigation.