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When creating a new monetary system coin on the NXT/Ardor platform. What is the difference from Exchange and Offer?

What does the following mean in the Exchange Window?

  • Minimum Rate
  • Effective Rate

What do the following mean in the Offer window?

  • Buy units (Initial)
  • Buy units (Limit)
  • Buy Rate per unit
  • Sell units (Initial)
  • Sell units (Limit)
  • Sell Rate per unit

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Please refer to the official monetary system documentation https://bitbucket.org/JeanLucPicard/nxt/issues/205/monetary-system-documenation section "Currency Exchange". The NXT wiki also has an excellent walk-through of the process in https://nxtwiki.org/wiki/Monetary_System#Exchange_an_Exchangeable_Currency

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