Exchangeability is a characteristic that supports the existence of an asset,however,it is not an essential characteristic.

Name: Exchangeability is a characteristic that supports the existence of an asset,however,it is not an essential characteristic.
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Quizplus · Accepted Answer

Exchangeability refers to an asset's ability to be readily traded or converted into cash. While it may be desirable, it is not essential for an asset to have exchangeability for it to exist.

Exchangeability Is a Characteristic That Supports the Existence of an Asset,however,it