American Depositary Receipts

question 36

Multiple Choice

American Depositary Receipts:

• A) have annual reports and financial statements presented in English.
• B) pay dividends in Euro's.
• C) are more liquid and more expensive to buy than foreign stock.
• D) are an alternative method to list on the world's largest capital market,the TSX.

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Definitions:

Certificates of Deposit

Financial instruments offered by banks that provide an interest rate premium in exchange for the customer agreeing to leave a lump-sum deposit untouched for a predetermined period of time.

General Intangibles

Assets that are non-physical in nature, such as patents, copyrights, trademarks, and goodwill.

Copyrights

A form of intellectual property law that gives the creator of an original work exclusive rights to its use and distribution, typically for a certain period.

Franchises

Business models where owners license their operations, products, branding, and procedures to independent operators.