The Figure Given Below Shows the Demand Curves [D₁ and D₂]

The figure given below shows the demand curves [D₁ and D₂] and the supply curve [S₁] of capital.Figure 17.1

-​Which of the following is true of American Depository Receipts (ADRs) ?

A) ADRs cannot be sold "over the counter."
B) ​Each ADR is backed by a specific number of the issuer's local shares.
C) ​An ADR is a stock that trades in foreign countries but represents a specified number of shares in a U.S. corporation.
D) ​For foreign companies, ADRs are an easy way to purchase raw material from U.S. producers.
E) ​ADRs are issued or sponsored in the United States by the federal government.

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