| 单词 | exchange |
| 释义 | exchange exchange1. The trading of goods, stocks, shares, commodities, paper currencies, or other financial instruments. exchange control Restrictions on the purchase and sale of foreign exchange. This has taken various forms in different countries, in particular those who experience shortages of hard currencies; sometimes different regulations apply to transactions that would come under the capital account of the balance of payments. Recent decades have seen a general movement toward dismantling exchange controls by developed countries. The UK abolished all forms of exchange control in 1979. |
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