A(n) ________ is a marketable document (a receipt) that certifies a bank holds shares of a foreign firm's stock that backs the receipt

A) FINRA
B) MDR
C) FFS
D) ADR

Answer: D

Business

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The Framework Agreement has a provision that authorizes an exception to the MFN treatment rule when the difference in treatment is the result of ________

A. a member granting monopoly status to a service supplier B. an agreement for the avoidance of double taxation C. adopting the guidelines specified by the Council on Trade in Services D. a member retaining restrictive laws governing services

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Empirical evidence shows that new issues of equity by domestic firms in the U.S. market typically has a ________ stock price reaction and new equity issues in the U.S. markets by

foreign firms with segmented domestic markets have a ________ stock price reaction. A) negative; negative B) positive; negative C) negative; positive D) positive; positive

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