An American Depository Receipt $($ADR$)$

A

is debt sold by a foreign borrower that is denominated in the currency of the country where it is sold

B

is a certificate that represents ownership in stocks of foreign companies that are held in trust by a bank located in the country where the

stock is traded

C

represents equity instruments of one country that are sold in another country

D

is a certificate that represents ownership in foreign companies that are sold in the United States