Sponsored ADRs

question 72

Multiple Choice

Sponsored ADRs

• A)are created by a bank at the request of the foreign company that issued the underlying security.
• B)can trade on the NASDAQ.
• C)can trade on the NYSE.
• D)all of the above

---

Definitions:

Tax Revenue

The money collected by a government from its citizens and businesses through various forms of taxation.

Property Tax

A levy on property that the owner is required to pay, often based on the value of the property.

Excess Burden

The cost to society created by market inefficiency, often associated with government policies like taxes or subsidies.

Tax Shifting

The process by which the economic burden of a tax is passed on from the entity legally responsible for it to another party, often consumers.