Financial transaction
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| - | In [[contract theory]] and [[economics]], '''information asymmetry''' deals with the study of decisions in transactions where one party has more or better [[information]] than the other. In contrast to neo-classical economics which assumes perfect information, this is about "What We Don't Know". | + | A '''financial transaction''' is an [[Contract|agreement]], [[communication]], or movement carried out between a [[buyer]] and a [[seller]] to [[Trade|exchange]] an [[asset]] for [[payment]]. It involves a change in the status of the finances of two or more businesses or individuals. The buyer and seller are separate entities or objects, often involving the exchange of items of value, such as [[information]], [[good (economics)|goods]], [[service (economics)|services]], and money. It is still a transaction if the goods are exchanged at one time, and the money at another. This is known as a two-part transaction: part one is giving the money, part two is receiving the goods. |
| ==See also== | ==See also== | ||
| - | *[[Artificial scarcity]] | + | * [[Alternative Payments]] |
| - | *[[Bounded rationality]] | + | * [[Financial transaction tax]] |
| - | *[[Perfect information]] | + | * [[Nanoeconomics]] |
| - | *[[Real prices and ideal prices]] | + | |
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| {{GFDL}} | {{GFDL}} | ||
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A financial transaction is an agreement, communication, or movement carried out between a buyer and a seller to exchange an asset for payment. It involves a change in the status of the finances of two or more businesses or individuals. The buyer and seller are separate entities or objects, often involving the exchange of items of value, such as information, goods, services, and money. It is still a transaction if the goods are exchanged at one time, and the money at another. This is known as a two-part transaction: part one is giving the money, part two is receiving the goods.
See also
Unless indicated otherwise, the text in this article is either based on Wikipedia article "Financial transaction" or another language Wikipedia page thereof used under the terms of the GNU Free Documentation License; or on research by Jahsonic and friends. See Art and Popular Culture's copyright notice.
