An Unsponsored ADR May Be Initiated Without the Approval of the Foreign

question 9

True/False

An unsponsored ADR may be initiated without the approval of the foreign firm with the underlying stock.

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Definitions:

Increase

An upward movement in quantity, price, or value.

Increase in Supply

A situation where the quantity of a good or service that producers are willing to supply at a given price rises.

Increase in Demand

A situation where consumers are willing and able to purchase more of a good or service at each possible price, often depicted by a rightward shift in the demand curve.

Decrease

A reduction in size, number, value, or extent.