Who Pays the Costs of Creating a Sponsored ADR

question 23

Multiple Choice

Who pays the costs of creating a sponsored ADR?

• A) the foreign firm whose stocks underlie the ADR
• B) the U.S. bank creating the ADR
• C) both the U.S. bank and the foreign firm
• D) the SEC since they require the regulation

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Definitions:

Client

An individual or organization receiving services, advice, or products from a professional or company.

Using Language

The ability to communicate and express thoughts, emotions, and ideas through structured verbal or written forms.

Verbal Following Skills

The ability to actively listen and respond appropriately to what others are saying, demonstrating understanding and engagement in a conversation.

Age

A measure of the time an individual has lived, typically given in years.