The ability to be easily converted from one type of financial instrument to another is
A)usury.
B)fungibility.
C)financial intermediation.
D)uniform reserve requirements.

Question

Quizplus · Accepted Answer

Fungibility refers to the ease with which one financial instrument can be converted into another. For example, stocks of different companies are fungible because they can be easily traded for one another. This concept is important in financial markets, as it allows for more efficient trading and liquidity.

The Ability to Be Easily Converted from One Type of Financial