A Certificate That Represents Shares of a Foreign Stock Issued

question 26

Multiple Choice

A certificate that represents shares of a foreign stock issued by a U.S.bank is called an:

• A) Letter of credit
• B) American depository receipt
• C) Foreign credit
• D) Exchange contract

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Definitions:

Guarantee Payment

A promise or assurance, typically by a third party, to assume responsibility for another's debt or obligation if they fail to fulfill it.

Lien

A legal right or interest that a lender or service provider has on another's property, until a debt relating to that property is paid in full.

Artisan's Lien

A legal claim or hold on property created by workers who have repaired or improved it, ensuring payment for their services.

Mechanic's Lien

An interest in property title for the advantage of individuals who provided work or materials to enhance the property.