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What is Transaction ?

 



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A transaction refers to an instance of an exchange or process between two or more parties, typically involving the transfer of money, goods, services, or data. In different contexts, the meaning of "transaction" can vary:


1. In Finance/Banking: A transaction refers to any exchange of money, such as a deposit, withdrawal, purchase, or transfer between accounts.



2. In Business: A transaction is an agreement between parties where goods or services are exchanged for compensation, typically money.





































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