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Exchange (3)
EXCHANGE (3)

Definition: The process of changing an amount of one currency (= the money used in one country) for an equal value of another.
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* All eight elements should be in.


1. Purposeful and necessary.

2. Authorized or approved, if required. That is, process takes place where endorsed as legal and transaction is not deemed an illegality.
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'Sxxx ... Sxxx ...'



3. An approach and/or indication is made of the desire to sell/buy; to make the transaction.

4. Currency or currencies, amount, etc. is mentioned.
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'Akwai lira'?



5. Terms or rates, condition(s), if any, term(s) of payment or collection/transfer, etc. are stated and discussed.

6. An agreement is reached. That is, offer is made and accepted.
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'Yuro, pounds, dollars, ... .'



7. Currencies and/or financial instrument(s) is/are physically given and received by the exchanging parties. Thereafter, the currencies, amounts or payments are checked for correctness and completeness.

8. Act achieves objective(s). And buyer/seller departs from each others' presence, without an intention to attack or deprive the other of money recently exchanged.
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* 'GOOD RATE' !

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