Multiple Choice
The figure given below shows the demand curves [D1 and D2] and the supply curve [S1] of capital.Figure 17.1
![The figure given below shows the demand curves [D<sub>1</sub> and D<sub>2</sub>] and the supply curve [S<sub>1</sub>] of capital.Figure 17.1 -Which of the following is true of American Depository Receipts (ADRs) ? A) ADRs cannot be sold over the counter. B) Each ADR is backed by a specific number of the issuer's local shares. C) An ADR is a stock that trades in foreign countries but represents a specified number of shares in a U.S. corporation. D) For foreign companies, ADRs are an easy way to purchase raw material from U.S. producers. E) ADRs are issued or sponsored in the United States by the federal government.](https://d2lvgg3v3hfg70.cloudfront.net/TB1748/11ea8882_6256_4c4d_8903_87d4e8eb62a5_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00.jpg)
-Which of the following is true of American Depository Receipts (ADRs) ?
Definitions:
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