Explain the following term/concept.Fungibility

1.	Explain the following term/concept.Fungibility
Answer» Fungibility means the state of being interchangeable. Securities issued by the same company of the same class have the same value no matter who owns them. The securities held in electronic form are fungible which means they don’t have distinctive numbers.

Answer»

Fungibility means the state of being interchangeable. Securities issued by the same company of the same class have the same value no matter who owns them.

The securities held in electronic form are fungible which means they don’t have distinctive numbers.

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Explain the following term/concept.Fungibility

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