Financial transactions are activities that involve the exchange of money or financial assets between parties. These transactions can take various forms, including purchases, sales, loans, and investments. They are fundamental to the functioning of economies and can occur between individuals, businesses, or governments.
In today's digital age, financial transactions often take place electronically, through methods such as credit cards, online banking, and mobile payment apps. This shift has made transactions faster and more convenient, but it also raises concerns about security and privacy. Understanding the nature of financial transactions is essential for effective personal and business financial management.