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Definition of Exchange


Definition Of Exchange



It is called an exchange to the act and the result of exchanging : to make a reciprocal change of one element for another. When an exchange occurs, therefore, something is delivered and something else is received.

For example: "In the summer I will travel to the United States for an academic exchange" , "There was no exchange of blows until the third round of the fight" , "The exchange of letters between the writer and his lover was maintained for half a century" .

There are multiple types of exchange. The trade , in fact, is an exchange of goods , where money is a good rather than allow mediation between various products.Before the development of commercial activity, there was barter . This practice consisted in the exchange of objects without money as a mediator . 

A person could deliver three kilograms of corn and receive a chicken in return, to name one possibility.With the appearance of the currency , the exchange of very different goods was promoted and the development of the market was favored .

An academic exchange , on the other hand, is a program that allows a student to settle in a different country to learn their culture and language. Initially, the exchange implied that, while a young man settled in a family house of another nation, his own relatives received a foreign boy in his home. 

At present, however, the exchange of students can take place without a counterpart.
The idea of road exchange , finally, is used in Peru to name the sector of intersection in different directions of avenues of various levels.


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