Which sponsored ADR level has the lowest SEC reporting burden for the issuer?
ALevel III
BLevel II
CLevel I
DRule 144A
Answer & Solution
Correct answer: C. Level I
Level I is the lowest sponsored level, traded only over the counter with minimal SEC reporting.
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?