| 单词 | exchange |
| 释义 | exchange 1) Trading one good or asset for another. This usage appears in the phrase ‘fair exchange is no robbery’, and in exchange of contracts between the buyer and seller of land or buildings. See also: voluntary exchange 2) A place where trading is carried on: thus shares were traded at the stock exchange, corn was traded at a corn exchange, and workers were hired at a labour exchange. In many cases most of the trade is nowadays done electronically; the stock exchange is an institution rather than a physical place. See also: commodity market, and stock exchange 3) Money, from its use in trade; money is a medium of exchange. Foreign exchange is the money of other countries. An exchange rate is the price at which one currency can be traded for another, and different currencies are traded in the foreign exchange market. See also: foreign exchange, and medium of exchange |
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