Level I ADRs trade primarily:

A) on the New York Stock Exchange.
B) on the American Stock Exchange.
C) over the counter or pink sheets.
D) Level I ADRs typically do not trade at all, but instead are privately issued and held until maturity.

Answer: C

Business

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A pattern of individual acts in a corporate culture that permits or condones discrimination is known as reverse discrimination.

a. true b. false

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In the capital asset pricing model, an increase in inflationary expectations will be reflected by

A) a parallel shift downward in the security market line. B) a decrease in the slope of the security market line. C) an increase in the slope of the security market line. D) a parallel shift upward in the security market line.

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