The largest category of liabilities of securities firms as of 2015 was

Question

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Securities sold under repurchase agreements (repo) is the largest category of liabilities for securities firms as of 2015. A repo is a transaction in which a securities firm sells securities to another party with an agreement to repurchase them at a specific price and time. Therefore, the securities sold under repurchase agreements represent a short-term borrowing source for the securities firm.

The Largest Category of Liabilities of Securities Firms as of 2015