QUESTION $10$

Which of the following is true regarding American securities exchanges?

The uS and the UK have a system of reciprocity in place for listing the securities on one another's stock exchanges.

The SEC does not allow foreign companies that do not use U$.$S$.$ GAAP to be listed on American stock exchanges.

Most Japanese firms listed for trading on American securities exchanges use U$.$S$.$ GAAP.

Canadian companies may list existing shares for trading on American stock exchanges, but may nol list new stock issues.