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See results aboutFungibilityIn economics, fungibility is the property of a good or a …In economics, fungibility is the property of a good or a commodity whose individual …
Additionally,What does it mean when a person is fungible?
Fungible is a word used to describe workers who are “virtually indistinguishable from others” in terms of the value of their contributions in the workplace.
Then,What is an example of a fungible?
Key Takeaways Fungible goods are items that are interchangeable because they are identical to each other for practical purposes. Commodities, common shares, options, and dollar bills are examples of fungible goods.
Regarding this,What is another word for fungible?
What is another word for fungible?
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Furthermore,How do you use fungible?
Fungible in a Sentence 🔉
- On the diet plan, the two vegetables are fungible so you can eat either one without changing your calorie count.
- The two automobiles are not fungible because one vehicle is worth more than the other vehicle.
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What is a fungible good?
(4) Fungible good or fungible material The term “fungible good” or “fungible material” means a good or material, as the case may be, that is interchangeable with another good or material for commercial purposes and the properties of which are essentially identical to such other good or material.
What does fungible mean for dummies?
Definition of fungible (Entry 1 of 2) 1 : being something (such as money or a commodity) of such a nature that one part or quantity may be replaced by another equal part or quantity in paying a debt or settling an account Oil, wheat, and lumber are fungible commodities. fungible goods.
What is the opposite of fungible?
Opposite of able to be substituted for something of equal value or utility. noninterchangeable. incompatible. unsubstitutable.
How do you use fungible in a sentence?
The numbers are irrefutable and all cash is fungible. The problem is that all money is fungible. Diamonds are not fungible and can’t be easily exchanged with each other.
What does funge mean?
funge (plural funges) (obsolete) A fungus. (obsolete) A fool or simpleton.
What makes something fungible?
Fungibility is different from liquidity. A good is said to be liquid if it can be easily exchanged for money or another good. A good is fungible if one unit of the good is substantially equivalent to another unit of the same good of the same quality at the same time, place, etc.
What does fungible mean in business?
Fungibility is the ability of a good or asset to be interchanged with other individual goods or assets of the same type. Fungible assets simplify the exchange and trade processes, as fungibility implies equal value between the assets.
Are houses fungible?
In short, real estate is not a fungible commodity. “Capable of being exchanged or interchangeable; a fungible commodity is relatively indistinguishable from other items within the same category, e.g., units of currency.”