👉 A fungible asset is an asset that can be exchanged for another asset or a payment of money, without change in value. For example, stocks and bonds are fungible assets because they represent different types of investments and can be traded on stock exchanges or futures markets.
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What is the definition of Fungible? 🙋
👉 Fungible refers to two or more things that can be exchanged for each other. This means they are interchangeable and can be used in different contexts, such as buying and selling, exchanging goods, and making purchases on a credit card. Examples of fungible items include paper, coins, and bank accounts.
