ADRs: Represent foreign securities but are issued in the U.S. and quoted in U.S. dollars, making them easier for American investors to trade.
Incorrect Options:
B: ADRs are quoted in U.S. dollars, not foreign currencies.
C & D: ADRs represent foreign securities held by U.S. banks, not foreign banks.
References:
SEC Bulletin on ADRs: SEC ADR Overview.
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