What are four transactions?

A transaction is like a little deal between you and something else, maybe your friend, or your piggy bank.

What You Give and What You Get

Imagine you have a jar of candies. A transaction happens when you take some candies out or put some back in. Here are four kinds:

  1. You give candies to your friend, like trading your favorite gummy bear for a chocolate bar.
  2. Your friend gives you candies, maybe they share their last candy with you.
  3. You add more candies to the jar, like when mom gives you a bag of sweets on your birthday.
  4. You take candies out of the jar, like when you eat one before dinner.

Each time, something moves: you give, you get, you put in, or you take out, and that’s what makes it a transaction! A transaction is like a little deal between you and something else, maybe your friend, or your piggy bank.

Take the quiz →

Examples

  1. A child trading toys with a friend
  2. Buying groceries from a store
  3. Selling lemonade on the street

Ask a question

See also

Discussion

Recent activity