Answered step by step
Verified Expert Solution
Question
1 Approved Answer
hThe need for American Depositary Receipts ( ADRs ) is mainly because a . it helps facilitate the transfer of dividends into the U .
hThe need for American Depositary Receipts ADRs is mainly because
a it helps facilitate the transfer of dividends into the US dollar.
b American securities markets do not trade directly in foreign securities
c foreign securities generally deal in currencies less stable than the US dollar.
d foreign securities require a guaranteed exchange rate in order to properly be valued in the US dollar.The need for American Depositary Receipts ADRs is mainly because
a it helps facilitate the transfer of dividends into the US dollar.
b American securities markets do not trade directly in foreign securities
c foreign securities generally deal in currencies less stable than the US dollar.
d foreign securities require a guaranteed exchange rate in order to properly be valued in the US dollar.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started