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Answer :

The meaning of transact to operate or conduct something or an operation. The use of transact can be done in the sentence of business or transactions.

What is transaction?

It's an instance of selling or buying something. Transaction is related to money.

An exchange of goods to goods or money, or in taking out money. Transaction is used.

An example is taking money from ATM.

Thus, the meaning of transact to operate or conduct something or an operation. The use of transact can be done in the sentence of business or transactions.

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Answer:

The verb transact is almost always used with the word "business." To transact business is to conduct it, as when a shopkeeper sells groceries to a customer.