The word "transact" is correct and usable in written English.
You can use it when referring to the conducting of a business or other activity. For example: "The company transacted many deals this week."
Oliver E. Williamson, the field's leading innovator and a winner of the 2009 Nobel Prize in Economic Sciences, sketched a historical argument that explains the transformation of an economy based on many small transactions into one based on large hierarchies that transact among themselves and into which individuals are absorbed.
Otherwise and empirical evidence supports this view—society will tend to get too few value-creating transactions and positive spillovers.One can't simply say: letting private actors transact as they please might destroy something which might possibly have an aesthetic value greater than the structures which replace it and should therefore be strictly regulated!
They are bowled over by the technology that underpins the currency, a decentralised, immutable ledger called a "blockchain" that allows people to transact business without the intermediation of a trusted third party.Banks, which often play just such a third-party role, are watching all these developments closely.
Apparently it feels obliged by its principles of good governance to transact all its aid at the official rate, at times inadvertently handing most of its aid to the central bank.
The bid-ask spread compensates marketmakers for the risk that the customers who choose to transact are those with private information, a problem known as "adverse selection".
Its economic success encouraged others to transact on its terms.
One of its effects has been to make it difficult for Japanese investors to transact business overseas because domestic investors cannot hold overseas yen accounts.
Yet when private firms and individuals transact voluntarily, we understand that there is value creation, too.
This requires trades to be channelled to the market offering the best price, even if a trader wants to transact business elsewhere more quickly.
They can also take deposits, be used to pay bills and transact with insurance and securities firms.
A similar argument emerges from a paper from Yesha Yadav of Vanderbilt University who argues thatAlgorithmic traders have powerful advantages over more fundamental traders, most notably, in their ability to decode how an informed trader is likely to transact – and to then get to this trade before anyone else.
