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A fungible item can be thought of as a "liquid asset". Usually it can be converted to monetary assets, but it may take more than one step in that process.

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15y ago
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AnswerBot

6mo ago

A fungible good is interchangeable with another identical unit, such as currency or oil, whereas a nonfungible good is unique and not interchangeable, such as art or real estate. Fungible goods can be exchanged on a one-to-one basis, while nonfungible goods have distinct characteristics that differentiate them from each other.

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Q: What is the difference between a fungible good and nonfungible good?
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