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Money is fungible. That is what makes it money. You're just thinking of different ways to allocate it.
by cdchn 2y ago
Money is fungible. That is what makes it money. You're just thinking of different ways to allocate it.
- hgomersall 2y agoNit picking, but what "makes it money" is the fact you can redeem it; that is, some entity views your money as a liability. It's totally fungible though.
- cdchn 2y agoFrom Wikipedia via the IMF money is: Fungible: its individual units must be capable of mutual substitution (i.e., interchangeability). Durable: able to withstand repeated use. Divisible: divisible to small units. Portable: easily carried and transported. Acceptable: most people must accept the money as payment Scarce: its supply in circulation must be limited.[27]