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Select the second definition in this dictionary entry.

exchange \iks-cheynj\ verb exchanging, exchanged 1. to give up for something else: Ms. Dawson exchanged her private sector position for a government job. 2. to replace merchandise with something equivalent: Sean exchanged his white phone for a black one. 3. to give and receive equally with another person: We always exchange gifts during the holidays. from Old French (eschangier)

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