Series 7 - General Securities Representative Exam
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Regarding ADRs, which of the following statements is true?
They are only available for trade outside of local trading hours; in the time zone of the issuing company's country
A
US Buyers of ADRs can receive dividends, but the dividends are priced in a foreign currency
B
ADRs represent receipts for US securities that trade on foreign exchanges
C
ADRs represent receipts for foreign securities that trade on US exchanges. represent receipts for foreign securities that trade on US exchanges
D
Explanations
American Depository Receipts represent receipts for foreign securities that trade on US exchanges. They trade during US market hours and dividends are paid in US dollars
Pricing
Basic
Part of the questions for each course
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- Course
- Questions
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- SIE
- 20 of 150
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- Series 6
- 30 of 500
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- Series 7
- 50 of 625