A negotiable certificate issued by a U.S. bank to represent the underlying shares of a foreign corporation's stock is called a(n) ________
A) Euroequity
B) American Depositary Receipt
C) Global Depositary Receipt
D) European Depositary Receipt
B
Business
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Which of the following was NOT one of the four types of analysis objectives mentioned in your textbook?
A) Description B) Generalization C) Differences D) Relationships E) Type II
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The ________ is a letter of credit that the bank may alter at any time and for any reason
A) advised letter of credit B) confirmed letter of credit C) irrevocable letter of credit D) revocable letter of credit
Business