Economics · Financial Markets
Statement 1: Depository Receipts (DR) were first used in the USA and have been in use since the 1920s. Statement 2: The American Depository Receipt (ADR) is issued by a US bank, denominated in US Dollars, and listed on international stock exchanges like the London Stock Exchange. Which of the following options is correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both Statement 1 and Statement 2 are correct.
- 2Statement 1 is correct, but Statement 2 is incorrect.✓
- 3Statement 1 is incorrect, but Statement 2 is correct.
- 4Both Statement 1 and Statement 2 are incorrect.
Correct answer
Statement 1 is correct, but Statement 2 is incorrect.
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