On Goldman Sachs' balance sheet for 2007, ___________ consist of securities that Goldman Sachs has borrowed under an agreement to resell at a later date..
A)collateralized agreements
B)financial instruments
C)collateralized financings
D)receivables
E)payables

Question

Quizplus · Accepted Answer

The description matches the definition of collateralized agreements, which involve borrowing securities with the intention of repurchasing them at a later date. Both financial instruments and collateralized financings may appear on Goldman Sachs' balance sheet, but they do not necessarily have to involve the borrowing and reselling of securities. Receivables and payables are different types of assets and liabilities that do not relate to securities borrowing.

On Goldman Sachs' Balance Sheet for 2007, ___________ Consist of Securities