If receipt of a grant frees up organization funds for other uses, the money spent for other purposes may be referred to as:
A) fungible.
B) nonfungible.
C) antifungible.
D) interfungible.

Question

Quizplus · Accepted Answer

Fungible means interchangeable or capable of being substituted for something of equal value. In this case, the funds freed up by the grant can be used for other purposes because they are interchangeable with the grant money. Therefore, the money spent for other purposes can be referred to as fungible. Nonfungible means not interchangeable and is not applicable in this context. Antifungible and interfungible are not commonly used terms.

If Receipt of a Grant Frees Up Organization Funds for Other