Exchanges 

Source: Encyclopedia of Banking & Finance (9h Edition) by Charles J Woelfel
(We recommend this as work of authority and you can order it here)                  

This term has two meanings:

1.  In banking practice, checks, drafts, matured acceptances, notes, etc., presented for
     collection through a clearinghouse.

2.  The English term for the market for foreign currencies and bills of exchange.  What is known
     in the United States as foreign exchange is known in England as foreign exchanges.

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