State the meaning of exchange.
Answers
Answer:
giving or receiving something in return for something else
Answer:
1: the act of giving or taking one thing in return for another : TRADE
an exchange of prisoners
2a: the act or process of substituting one thing for another
b: reciprocal giving and receiving
3: something offered, given, or received in an exchange
4a: funds payable currently at a distant point either in a foreign currency or in domestic currency
b(1): interchange or conversion of the money of two countries or of current and uncurrent money with allowance for difference in value
(2): EXCHANGE RATE
(3): the amount of the difference in value between two currencies or between values of a particular currency at two places
c: instruments (such as checks or bills of exchange) presented in a clearinghouse for settlement
5: a place where things or services are exchanged: such as
a: an organized market or center for trading in securities or commodities
b: a store or shop specializing in merchandise usually of a particular type
c: a cooperative store or society
d: a central office in which telephone lines are connected to permit communication