An unsponsored ADR, __________
A)Complies with regulatory reporting
B)Is listed on International stock exchanges
C)Trades in OTC market
D)Is issued by a bank on behalf of foreign company whose equity serves as underlying asset

Question

Quizplus · Accepted Answer

DUnsponsored ADRs typically trade in the OTC market rather than on major exchanges, and they are issued by a bank without the direct involvement of the foreign company whose stock underlies the ADR.

An Unsponsored ADR, __________