Which of the Following Is True Regarding American Securities Exchanges

question 5

Multiple Choice

Which of the following is true regarding American securities exchanges?

• A)The US and the UK have a system of reciprocity in place for listing the securities on one another's stock exchanges.
• B)The SEC does not allow foreign companies that do not use U.S. GAAP to be listed on American stock exchanges.
• C)Most Japanese firms listed for trading on American securities exchanges use U.S. GAAP.
• D)Canadian companies may list existing shares for trading on American stock exchanges, but may not list new stock issues.

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