Home >                  	Term: fungible  
fungible
You can't tell them apart. Something is fungible when any one single specimen is indistinguishable from any other. Somebody who is owed $1 does not care which particular dollar he gets. Anything that people want to use as money must be fungible, whether it be gold bars, beads or shells.
- Part of Speech: noun
 - Industry/Domain: Economy
 - Category: Economics
 - Company: The Economist
 
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 Creator
- summer.l
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