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What is transaction theory of money?

Updated: 9/21/2023
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Q: What is transaction theory of money?
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How does a cash transaction differ from a credit transaction?

A cash transaction is actually using money you have at the time ; A credit transaction is spending money that you don't actually pay immediately , but at a later date


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Lodging money into a bank account is a transaction, as is withdrawing money. Adding interest to an account is a transaction. Direct debits are transactions. Deducting bank charges is a transaction. Basically any sort of activity involving a change of money in an account is a transaction. You will get a list of them on a bank account statement.


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A sale is the transaction taken place by two parties exchanging money or services for products or services. A return is bringing that transaction and products back to the party it was "sold" by for money to be refunded. A sale is the transaction taken place by two parties exchanging money or services for products or services. A return is bringing that transaction and products back to the party it was "sold" by for money to be refunded.


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