Question: ADRs usually generates good return. So, what actually are American Depository Receipts and where do they need to take authorization from to trade in U.S.

ADRs usually generates good return. So, what actually are American Depository Receipts and where do they need to take authorization from to trade in U.S. markets:

-European stocks traded in Europe; European Central Bank

-Foreign stocks traded in the U.S.; Security and Exchange Commissio

-American and foreign stocks traded OTC; International Monetary Funds

-American stocks traded abroad; Bank of International Settlements

-International companies trading in North America; World Bank

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