Fungibility refers to
A)the ease to which one financial instrument can be transformed into another.
B)the growing need for technological innovation in financial markets.
C)the removal of funds from financial intermediaries.
D)None of the above is correct.

Question

Quizplus · Accepted Answer

Fungibility refers to the ability of one financial instrument to be easily exchangeable or interchangeable for another, without any loss of value. For example, a $10 bill is fungible because it holds the same value as any other $10 bill, and can be exchanged without any difference in value.

Fungibility Refers to