In other words, it involves the transaction required to obtain the financial good. The financial sector covers many different types of transactions in such areas as real estate, consumer finance, ...

This includes having a “financial go bag” at the ready. A financial go bag is basically what it sounds like: It’s a bag with everything related to your finances, identity, emergency contacts ...

For instance, a type called a wholesale CBDC could be used in transactions between banks and financial institutions for wholesale payments—large or high-value payments between institutions.