Below is the list of tables from the database along with their columns and datatype. Need to generate an accurate SQL query for the question.
Only use the columns present in the respective table. Only use the columns which are required to generate the SQL query. Only use table joins if required and not otherwise.

### Tables ###
TABLE: CREATE TABLE Financial_transactions (transaction_type VARCHAR)

### Question ###
Show the transaction type and the number of transactions.

### Accurate SQL ###

SELECT transaction_type, COUNT(*) FROM Financial_transactions GROUP BY transaction_type