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Which of the following is not true about ADR?

Which of the following is not true about ADR?


[A]ADR represents the foreign shares of the company held on deposit by a custodian bank in the company's home country.
[B]ADRs may be used in public or private markets inside or outside US.
[C]ADRs do not eliminate the currency risk associated with an investment in a non-U.S. company.
[D]An ADR is a U.S. dollar denominated form of equity ownership in a non-U.S. company.

Jan 03 2018 View more View Less

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