Example: Oil is a world commodity, but gasoline on a global scale is not fungible due to issues with transportation and government intervention to either penalize or subsidize gasoline use. However, once gasoline is in your car's gas tank, it's definitely fungible.
Comments by gfwalker
gfwalker commented on the word fungible
Example: Oil is a world commodity, but gasoline on a global scale is not fungible due to issues with transportation and government intervention to either penalize or subsidize gasoline use. However, once gasoline is in your car's gas tank, it's definitely fungible.
July 5, 2009