Banking Practice Exam 2025 - Free Banking Practice Questions and Study Guide

Question: 1 / 400

Which of the following represents amounts owed to Goldman Group by brokers and customers?

Collateralized agreements

Financial instruments

Collateralized financings

Receivables

The correct answer is the term "Receivables," which refers to funds that are owed to a company by its clients or other entities. In the context of the Goldman Group, receivables represent the amounts that brokers and customers owe to the firm for services rendered, transactions completed, or goods delivered. This is a critical component of the company's balance sheet, as it indicates the expected cash inflow from its operations.

Understanding receivables is essential in banking and finance, as they affect liquidity and working capital management. This asset type is important for evaluating a company’s financial health and its capacity to meet short-term obligations. The proper management of receivables ensures that the firm can maintain adequate cash flow, which is vital for funding operations and pursuing new business opportunities.

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