Abstract
It was the obvious importance of finance that led to the development of transactions (flow-of-funds) accounts. The accounting framework was designed to show that uses of funds of decision-making sectors were constrained by financial sources of funds in addition to real sources (income), and secondly that financial uses of funds of one sector were linked to the financial sources of funds of a second sector.
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© 1987 Martinus Nijhoff Publishers, Dordrecht.
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Cohen, J. (1987). The Transaction: The Basic Building Block. In: The Flow of Funds in Theory and Practice. Financial and Monetary Policy Studies, vol 15. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-3675-1_2
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DOI: https://doi.org/10.1007/978-94-009-3675-1_2
Publisher Name: Springer, Dordrecht
Print ISBN: 978-94-010-8145-0
Online ISBN: 978-94-009-3675-1
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