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Discussion

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

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