The issuer of an ADR is a:
A) foreign branch of a domestic bank.
B) domestic branch of a domestic bank.
C) domestic branch of a foreign bank.
D) foreign branch of a foreign bank.
Answer: A) foreign branch of a domestic bank.
A) foreign branch of a domestic bank.
B) domestic branch of a domestic bank.
C) domestic branch of a foreign bank.
D) foreign branch of a foreign bank.
Answer: A) foreign branch of a domestic bank.