Yes, exactly is a Scrabble word!
...and is worth 19 points in Scrabble, and 20 points in Words with Friends
exactly
Adverb
1. Indicating exactness or preciseness
2. Just as it should be
3. In a precise manner
What Scrabble words can I make with the letters in exactly?
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Words that can be created with an extra letter added to exactly:
O:acetoxyl