What are fungible goods?

Fungibles goods refer to securities, or other items, that are equivalent or consist of many identical parts such that, for practical purposes, they are interchangeable. Material items, securities, and other financial instruments may be considered fungible goods. If goods are sold by weight or number, then they are probably not fungible goods.

What are the rules of origin for fungible goods?

Subpart B—Rules of Origin102.11 General rules.102.12 Fungible goods. Fungible goods may also be valued by using the weighted average cost method. Fungible goods " means: (A) goods of which any unit, by nature or usage of trade, is the equivalent of any other like unit; or (B) goods that by agreement are treated as equivalent.

Is money fungible?

A good is fungible if one unit of the good is substantially equivalent to another unit of the same good of the same quality at the same time, place, etc. Notably, money is fungible: one US $10 banknote is interchangeable with any other genuine banknote like it.

What is fungibility in economics?

In economics, fungibility is the property of a good or a commodity whose individual units are essentially interchangeable, and each of whose parts is indistinguishable from any other part. Fungible tokens can be exchanged or replaced; for example, a $100 note can easily be exchanged for twenty $5 bills.