Fungibility, in simple words, refers to something that can be replaced or swapped. A fungible asset can be substituted or swapped for another asset or item's indistinguishable component (for example, gold or silver). Fungible commodities include gold, silver, wheat, currency, and oil.
Fungible products can also be characterized as everyday objects that aren't particularly rare, unique, or collectible.
Fungibility, in simple words, refers to something that can be replaced or swapped. A fungible asset can be substituted or swapped for another asset or item's indistinguishable component (for example, gold or silver). Fungible commodities include gold, silver, wheat, currency, and oil.
Fungible products can also be characterized as everyday objects that aren't particularly rare, unique, or collectible.
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