The largest liability of broker dealers in 2012 was

Question

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Repurchase agreements involve borrowing cash with the promise to buy back securities at a later date. They are a common source of short-term funding for broker-dealers. However, if market conditions change, broker-dealers can be left with securities that are worth less than the cash borrowed. This can lead to significant losses and is a large liability for broker-dealers. Therefore, repurchase agreements were the largest liability for broker-dealers in 2012.

The Largest Liability of Broker Dealers in 2012 Was