問題詳情
四、閱讀測驗（一）Most US investors who own shares in foreign corporations do so via American depositary receipts (ADRs).There is nothing to stop them from buying overseas shares directly (although they may technically be breakingthe 1933 Securities Act when they sell them). ADRs, however, are much more convenient. Basically, they aretradable receipts which say that the shares represented by the ADRs are held on deposit by a bank in thecorporation’s home country.The depositary bank collects dividends, pays local taxes, and distributes them converted into dollars.Additionally, holders of ADRs usually have all the rights of shareholders who own their stocks directly. The vastmajority of overseas corporations that list their shares on a US exchange use ADRs.At the end of 2002, there were over 1,000 such listings. ADRs have spawned imitators and nowadays thereare global depositary receipts, or ADRs, which are traded on over-the-counter markets in both the United Statesand the Euromarket, and European depositary receipts, which are traded on European exchanges.
【題組】41. Why do United States investors prefer ADRs to shares overseas?
(A)ADRs give them more rights to the stocks.
(B) ADRs are more convenient.
(C)They can trade ADRs in the Euromarket.
(D) They cannot buy overseas stocks directly.
參考答案
答案：B
難度：簡單0.714286
統計：A(2),B(20),C(1),D(5),E(0)