Level 1 is the most basic type of ADR where the foreign company
A.Wishes its ADR to be listed on the U.S. exchanges alone.
B.Does not wish its ADR to be listed on an exchange.
C.Does not wish its ADR to be listed on an U.S. exchange
D.Wishes its ADR to be listed on any exchange around the world.
Answer:B
Level 1 is the most basic type of ADR where the foreign company
A.Wishes its ADR to be listed on the U.S. exchanges alone. B.Does not wish its ADR to be listed on an exchange. C.Does not wish its ADR to be listed on an U.S. exchange D.Wishes its ADR to be listed on any exchange around the world.