1) American Depository Receipts (ADRs) represent foreign stocks denominated in U.S. dollars that trade on European stock exchanges. (10points) a. True b. False 2) Sponsored ADRs are created by a bank at the request of the foreign company that issues the underlying security. (10points) a. True b. False 3) Global Registered Shares purchased on one exchange (ex: New York) is fully exchangeable with shares purchased on another exchange (ex: Tokyo). (10points) a. True b. False