fungibility

NOUN
  1. the quality of being capable of exchange or interchange
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How To Use fungibility In A Sentence

  • The principle of fungibility does not imply that project evaluation is an empty exercise.
  • It puts forward prospect theory to modify the expected utility theory and use mental accounting theory to explain money non-fungibility.
  • The so-called norms of the market, such as instrumentality and fungibility, come in varying degrees and characterize not only market, but also nonmarket, relationships, including friendship. Friendship and Complex Interdependencies in Markets
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