Multilateral exchange (original) (raw)
A multilateral exchange is a transaction, or forum for transactions, which involve more than two parties. For example, Alice gives Bob an apple in exchange for an orange, that is a bilateral exchange.A multilateral exchange would involve a third party, for example:Alice gives an apple to Bob who gives an orange to Charles, who gives a pear to Alice. In the real world, such transactions are spread over time, and involved items of different values, and involve many more parties. A special type of accounting is used for this, called mutual credit, or credit clearing.
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| dbo:abstract | A multilateral exchange is a transaction, or forum for transactions, which involve more than two parties. For example, Alice gives Bob an apple in exchange for an orange, that is a bilateral exchange.A multilateral exchange would involve a third party, for example:Alice gives an apple to Bob who gives an orange to Charles, who gives a pear to Alice. In the real world, such transactions are spread over time, and involved items of different values, and involve many more parties. A special type of accounting is used for this, called mutual credit, or credit clearing. (en) |
| dbo:wikiPageExternalLink | http://onlinelibrary.wiley.com/doi/10.1111/j.1467-999X.1956.tb00099.x/full https://books.google.co.uk/books%3Fid=0VwSLmf5YFkC |
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| dbo:wikiPageWikiLink | dbr:Mutualism_(economic_theory) dbr:Credit_clearing dbr:Single-entry_bookkeeping_system dbr:Zero dbr:Mutual_credit dbc:Accounting dbr:Double-entry_bookkeeping_system dbr:Marxian_economics dbr:Issues_in_Genetic_Resources |
| dbp:wikiPageUsesTemplate | dbt:Citation_needed dbt:ISBN dbt:Refimprove |
| dcterms:subject | dbc:Accounting |
| rdfs:comment | A multilateral exchange is a transaction, or forum for transactions, which involve more than two parties. For example, Alice gives Bob an apple in exchange for an orange, that is a bilateral exchange.A multilateral exchange would involve a third party, for example:Alice gives an apple to Bob who gives an orange to Charles, who gives a pear to Alice. In the real world, such transactions are spread over time, and involved items of different values, and involve many more parties. A special type of accounting is used for this, called mutual credit, or credit clearing. (en) |
| rdfs:label | Multilateral exchange (en) |
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| is foaf:primaryTopic of | wikipedia-en:Multilateral_exchange |