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Foreign exchange   /fˈɔrən ɪkstʃˈeɪndʒ/   Listen
Foreign exchange

noun
1.
The system by which one currency is exchanged for another; enables international transactions to take place.





WordNet 3.0 © 2010 Princeton University


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"Foreign exchange" Quotes from Famous Books



... paid by her exports to us. Usually exports and imports so nearly balance that the difference is paid by gold or with the temporary use of bank credit. Therefore it is not a question of actual money but of exchange and this foreign exchange is a commodity whose value ...
— The War After the War • Isaac Frederick Marcosson


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