Business Studies

The regulatory body ________ introduced the concept of ADR.


ANSWER

Securities Exchange Commission (SEC)


SOLUTION
The regulatory body Securities Exchange Commission introduced the concept of ADR.American Depository Receipt (ADR) is a certified negotiable instrument issued by an American bank suggesting the number of shares of a foreign company that can be traded in U.S. financial markets. Common types of ADR are: mediation, concilation, arbitration.
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