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An American Depositary Receipt is defined as a security. that has been deposited in an interest-bearing account at a U.S. bank. issued outside the U.S.

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An American Depositary Receipt is defined as a security. that has been deposited in an interest-bearing account at a U.S. bank. issued outside the U.S. that represents shares of a U.S. stock. issued in the U.S. that represents shares of a foreign stock. that has a guarantee of payment from a U.S. bank. issued in multiple countries but denominated in U.S. currency

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