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Understand the basics of American Depositary Receipts (ADRs) and Depository Receipts in general. Learn the differences between ADRs, Global Depositary Receipts (GDRs), and International Depositary Receipts (IDRs). Discover how ADRs can facilitate international investing in U.S. securities and why they are popular among investors. Get a clear explanation of ADRs and GDRs for CFA Level 1 exam preparation.

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