Which of the Following Statements Is Not True About American

question 27

Multiple Choice

Which of the following statements is not true about American Depositary Receipts (ADRs) ?

• A) All the American shares owned of a foreign company are placed in trust in a New York bank.
• B) Most ADRs trade in the over-the-counter market.
• C) ADR prices tend to move parallel with the prices of the underlying security.
• D) Most ADRs trade on the New York Stock Exchange.

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Definitions:

Avoidant Attachment

A type of attachment style characterized by a desire to maintain independence and emotional distance from others.

Secure Attachment

A type of attachment characterized by showing mild distress at leave-takings, seeking nearness to an attachment figure, and being readily soothed by this figure.

Generationally

Pertaining to or affecting a particular generation or generations, often in the context of family heritage or cultural changes.

Environment

The surroundings or conditions in which a person, animal, or plant lives or operates; including both natural and built environments.