Which of the following is not true of ADRs?______.A.An ADR is a stock that trades in the U
Which of the following is not true of ADRs?______.
A.An ADR is a stock that trades in the United States but represents a specified number of shares in a foreign corporation.
B.There are three different types of ADR issues: Level 1, Level 2 and Level 3.
C.They have fewer risks than local stocks do.
D.Their prices change like other stocks, based on supply and demand.