An American Depository Receipt (ADR)
16. An American Depository Receipt (ADR) ______.
a. Is debt sold by a foreign borrower that is denominated in the currency of the country where it is sold
b. Is a certificate that represents ownership in stocks of foreign companies that are held in trust by a bank located in the country where the stock is traded
c. Represents equity instrument of one country that are sold in another country
d. Is a certificate that represents ownership in foreign companies that are sold in the United States
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