What is ADR (American Depositary Receipt)? | SIE, SERIES7, SERIES65, SERIES66 Exam Prep

An ADR is a certificate issued by a U.S. bank representing shares in a foreign company, allowing American investors to buy foreign stocks on U.S. exchanges in U.S. dollars without dealing with foreign exchanges or currencies. 📚 Learn more about ADR (American Depositary Receipt) and other key terms for your SIE, SERIES7, SERIES65, SERIES66 exam at Open Exam Prep. 🎯 This term appears on: SIE, SERIES7, SERIES65, SERIES66 🔗 Full glossary: https://www.open-exam-prep.com/glossary 🔗 ADR (American Depositary Receipt) definition: https://www.open-exam-prep.com/glossary/adr 💡 Exam Tip: ADR = foreign stock on U.S. exchange in USD. Level I = OTC. Levels II/III = major exchanges. Currency risk still applies! --- #securities #examprep #financeexam #sie #series7 #series65 #series66