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a monetary reserve established by a country to provide funds for maintaining the official exchange rates of its currency by equalizing the buying and selling of foreign exchange.


Read Also:

  • Exchange-student

    noun 1. a secondary-school or college student who studies for a period, usually one year, at a foreign institution as part of a reciprocal program between two institutions or countries.

  • Exchange transfusion

    exchange transfusion n. The removal of most of a patient’s blood followed by introduction of an equal amount from donors. Also called substitution transfusion, total transfusion.

  • Exchequer

    [eks-chek-er, iks-chek-er] /ˈɛks tʃɛk ər, ɪksˈtʃɛk ər/ noun 1. a treasury, as of a state or nation. 2. 3. Informal. one’s financial resources; funds: I’d love to go, but the exchequer is a bit low. /ɪksˈtʃɛkə/ noun 1. (often capital) (government) (in Britain and certain other countries) the accounting department of the Treasury, responsible for […]

  • Excide

    [ik-sahyd] /ɪkˈsaɪd/ verb (used with object), excided, exciding. 1. to cut out; . /ɪkˈsaɪd/ verb 1. (transitive) (rare) to cut out; excise

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