When a Good Is "Fungible," It

question 14

Multiple Choice

When a good is "fungible," it

• A) cannot be abstracted from a set of related similar goods.
• B) consists of equivalent and interchangeable units.
• C) consists of unique and non-interchangeable units.
• D) is suitable for legal regulation.

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Definitions:

Invest

To allocate resources, usually money, with the expectation of generating an income or profit.

Investments

Assets purchased with the expectation that their value will grow or generate income.

Quarterly

Taking place four times a year, or every quarter.

Withdrawals

The act of taking money out of an account, fund, or similar financial vehicle.