The exchange of gases between blood in capillaries and individual cells is called respiration.

Your statement is partially correct. The exchange of gases that occurs between blood in capillaries and individual cells is more accurately referred to as internal respiration. This process involves oxygen being delivered from the blood into the cells, while carbon dioxide, a waste product of cellular metabolism, is transported from the cells into the blood.

In contrast, external respiration refers to the exchange of gases between the atmosphere and the alveoli in the lungs, where oxygen is taken into the blood and carbon dioxide is expelled from the blood into the alveoli to be breathed out.

Both processes are crucial for maintaining the body's oxygen levels and removing carbon dioxide, which is vital for cellular function and overall health.