2. 外语
  3. Which of the following is not true of ADRs?______.

Which of the following is not true of ADRs?______.

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问题 Which of the following is not true of ADRs?______.
选项 A、An ADR is a stock that trades in the United States but represents a specified number of shares in a foreign corporation.
B、There are three different types of ADR issues: Level 1, Level 2 and Level 3.
C、They have fewer risks than local stocks do.
D、Their prices change like other stocks, based on supply and demand.
答案C
解析 答案为C项。ADR是在美国交易的，但代表了外国公司的股票；它们的发行可分为l～3级；投资风险高于本地证券；它们的价格与其他股票一样，也是建立在供求父系上进行变化的。本题中C项错误，故选C项。
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