American Depository Receipts (ADRs) represent foreign stocks:

• denominated in U.S. dollars that trade on European stock exchanges
• denominated in U.S. dollars that trade on a US. stock exchange
• non-registered (bearer) securities
• None of these
• denominated in a foreign currency that trade on a U.S. stock exchange

Which of the following is not part of the Financial Account of the BOP?

• None of these
• Other Financial items
• Net import/export of services
• Net foreign direct investment
• Net portfolio investment