alleryStart learning →Unsponsored ADRs trade on which market?
ANYSE listing only
BOver-the-counter
CNASDAQ listing only
DBullion exchange
Answer & Solution
Correct answer: B. Over-the-counter
Unsponsored ADRs are issued by demand without a formal agreement with the company and trade over the counter.
Keep practising International Financial Management
Browse all International Financial Management questions for CA Final, or explore more Strategicfinancialmanagement topics.
Related questions
Which international unit is a well-known purchasing power adjustment?Which statement describes relative PPP?Compared with the PPP exchange rate, the market exchange rate is generally what?Why does PPP use a basket of goods rather than a single good?Purchasing power parity is based on which principle?Which two depositories hold most eurobonds?Eurobonds arose partly as a reaction to which US measure from the 1960s?The eurobond market was traditionally centred in which city?