Advantages of Using American Depositary Receipts to Participate in Foreign

question 51

Multiple Choice

Advantages of using American Depositary Receipts to participate in foreign markets include
I. lower transaction costs than for direct foreign stock purchases.
II. reduced exposure to foreign exchange risk.
III. dividends are paid in U.S. dollars.
IV. quotations are readily available from U.S. sources such as Yahoo Finance or MSN Money.

• A) I and II only
• B) I and III only
• C) I, II and III only
• D) I, III and IV .

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Definitions:

Sclerenchyma Fibers

Thick-walled, rigid cells that provide structural support to plants, often found in stems, leaves, and roots.

Root Hairs

Small hair-like structures extending from a plant's root, increasing surface area for water and nutrient absorption.

Epidermis

The outermost layer of cells covering an organism, particularly in plants and animals, serving as a protective barrier against the environment.

Sclereid Cells

Specialized thick-walled plant cells that contribute to the hardness of nuts, seeds, and certain fruits.