Final answer:
There is no readily recognized historical "Act of Exchange" involving England. The question might be conflated with the Act for the Exchange of lands in the Reformation era or seeking to address economic policies akin to the Navigation Acts.
Step-by-step explanation:
The Act of Exchange referred to in this context, assuming it is related to England's historical legislative acts, doesn't directly correspond to a recognized historical act titled "Act of Exchange." There is a possibility of confusion with the Act for the Exchange of lands between King Henry VIII and the nobility, for the purpose of consolidating church land following the Reformation. However, this act isn't well-known as the "Act of Exchange." It is more likely that the inquiry concerns the economic policies or agreements enacted during the period of colonial expansion, such as the Navigation Acts or treaties like Tordesillas or Zaragoza. These dealt with regulating trade and establishing global territorial divisions, particularly between the Spanish and Portuguese. The response choices provided do not accurately reflect a known "Act of Exchange" in the context of England's history, so none of the listed options (exchange between England and Spain, church lands between the Crown and nobility, religious practices between England and France, or legal frameworks between England and Portugal) are correct as they stand. If the question referred to historical legislation involving trade regulations or territorial agreements, then the Navigation Acts would be a more appropriate reference, which regulated shipping and trade to benefit England and her colonies.