State any three features of ADR.

1.	State any three features of ADR.
Answer» 1. ADRs are denominated only in US dollars. 2. They are issued only to investors who are American residents. 3. The depository bank should be located in US.

Answer»

1. ADRs are denominated only in US dollars.

2. They are issued only to investors who are American residents.

3. The depository bank should be located in US.

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