Banking Practice Exam

The correct choice indicates amounts that Goldman Group owes to its brokers and customers, which is a fundamental concept in accounting and finance, often referred to as liabilities. Payables are categorized as obligations that a company is required to settle in the future, typically through the transfer of cash, goods, or services. In this context, when Goldman Group owes money to brokers and customers, these amounts are recorded as payables, reflecting the company's responsibility to fulfill these financial obligations.

Collateralized agreements generally involve securing obligations with collateral but do not specifically denote amounts owed. Financial instruments cover a wide range of assets and liabilities involved in the trading and financing activities of a firm but are not specifically reflective of amounts owed. Receivables represent amounts that are due to a company, signifying what others owe to Goldman Group rather than what Goldman owes to others. Therefore, the choice that best represents amounts owed by the firm is indeed classified as payables.