fungibility

简明释义

英[ˌfʌn.dʒɪˈbɪl.ɪ.ti]美[ˌfʌn.dʒəˈbɪl.ɪ.ti]

n. 可替代性；可互换

英英释义

单词用法

同义词

反义词

例句

1.Whereas the fungibility of nearly all other economic goods is more or less circumscribed and is often only a fiction based on an artificial commercial terminology, that of money is almost unlimited.

几乎所有其它经济财的替代性或多或少都要受到条件的限制，常常只是一个拟定，建立在人为的商业术语上，而钱币的替代性却几乎不受限制。

2.Whereas the fungibility of nearly all other economic goods is more or less circumscribed and is often only a fiction based on an artificial commercial terminology, that of money is almost unlimited.

几乎所有其它经济财的替代性或多或少都要受到条件的限制，常常只是一个拟定，建立在人为的商业术语上，而钱币的替代性却几乎不受限制。

3.One necessary aspect of bulk cargo is fungibility.

散装货所必须具备的一个特征是它的替换性。

4.Thee problem was the "fungibility of money".

问题在于颢“金钱的可替代性”。

5.Divisibility and fungibility.

可分性和可替代性。

6.The concept of fungibility allows for assets to be exchanged without loss of value.

资产的可替代性（fungibility）使得资产可以在不损失价值的情况下进行交换。

7.In finance, cash is the most liquid asset due to its fungibility.

在金融中，现金是流动性最强的资产，因为它具有可替代性（fungibility）。

8.Cryptocurrencies are often praised for their fungibility as each unit can be exchanged for another.

加密货币因其每个单位可以互换而受到称赞，这种特性被称为可替代性（fungibility）。

9.The fungibility of commodities like gold means that one ounce of gold is equivalent to another.

商品如黄金的可替代性（fungibility）意味着一盎司黄金与另一盎司黄金是等价的。

10.Real estate lacks fungibility because each property has unique characteristics.

房地产缺乏可替代性（fungibility），因为每个物业都有独特的特征。

作文

In the world of economics and finance, the concept of fungibility plays a crucial role in understanding how various assets can be exchanged and valued. Fungibility refers to the property of a good or asset whose individual units are essentially interchangeable. This means that each unit is indistinguishable from another, making it easy to trade or replace them without any loss of value. For instance, money is a prime example of a fungible asset; one dollar bill can be easily exchanged for another dollar bill without any change in value. Similarly, commodities like oil or gold are also considered fungible because any unit of these goods can be substituted for another unit of the same type without affecting their worth. The importance of fungibility extends beyond simple exchanges. It is fundamental in the functioning of markets, as it allows for liquidity and ease of transactions. When assets are fungible, they can be bought and sold quickly, which is essential for maintaining a healthy economy. For example, in stock markets, shares of the same company are fungible because one share can be traded for another share of the same class without any difference in value. This characteristic helps investors make decisions quickly and efficiently, contributing to the overall stability of financial markets. However, not all assets possess fungibility. Some items, such as real estate or unique artwork, are non-fungible because they have distinct characteristics that make them unique. A specific piece of art cannot be replaced with another piece of art without a change in value, making it a non-fungible asset. The rise of digital assets, particularly with the advent of blockchain technology, has introduced a new dimension to the concept of fungibility. Non-fungible tokens (NFTs) are a prime example of this, where each token represents a unique digital item, thus challenging traditional notions of fungibility in the digital realm. Understanding fungibility is essential for both consumers and investors. For consumers, recognizing which goods are fungible can help in making informed purchasing decisions. For investors, knowing the fungibility of an asset can influence their investment strategies and risk assessments. For instance, investing in fungible assets like stocks may be perceived as less risky compared to investing in non-fungible assets like collectibles, which may have more volatile values. In conclusion, fungibility is a foundational concept in economics that facilitates trade and investment. It allows for the smooth functioning of markets by ensuring that assets can be easily exchanged without loss of value. As we navigate through an increasingly complex financial landscape, understanding the nuances of fungibility will be key to making sound economic decisions, whether as consumers or investors. The implications of fungibility also extend into emerging technologies, where the distinction between fungible and non-fungible assets continues to evolve, shaping the future of commerce and trade.

在经济和金融的世界中，可替代性的概念在理解各种资产如何被交换和评估方面起着至关重要的作用。可替代性指的是一种商品或资产的特性，其个体单位本质上是可以互换的。这意味着每个单位是不可区分的，使得它们可以轻松交易或替换而不会造成价值的损失。例如，货币就是一个典型的可替代性资产；一美元钞票可以很容易地与另一张美元钞票交换，而不会有任何价值的变化。同样，像石油或黄金这样的商品也被认为是可替代性的，因为这些商品的任何单位都可以替代同种类的另一个单位，而不会影响其价值。 可替代性的重要性不仅仅局限于简单的交换。它是市场运作的基础，因为它允许流动性和交易的便利。当资产是可替代性时，它们可以迅速买卖，这对维持健康的经济至关重要。例如，在股票市场中，同一公司的股票是可替代性的，因为一股可以与同类的另一股进行交易，而不会有价值上的差异。这一特性帮助投资者快速有效地做出决策，从而促进金融市场的整体稳定。 然而，并非所有资产都具备可替代性。某些物品，如房地产或独特的艺术品，是非可替代的，因为它们具有使其独特的特征。特定的艺术品不能用另一件艺术品替代而不改变其价值，因此它是一种非可替代资产。随着区块链技术的出现，数字资产的崛起为可替代性的概念引入了新的维度。非可替代代币（NFT）就是一个典型的例子，其中每个代币代表一个独特的数字项目，从而挑战了传统的可替代性观念。 理解可替代性对消费者和投资者都至关重要。对于消费者来说，认识到哪些商品是可替代性的可以帮助做出明智的购买决策。对于投资者来说，了解资产的可替代性可以影响他们的投资策略和风险评估。例如，投资于像股票这样的可替代性资产可能被视为比投资于像收藏品这样的非可替代性资产风险更小，后者可能具有更大的价值波动。 总之，可替代性是经济学中的一个基础概念，它促进了贸易和投资。它确保资产可以轻松交换而不会损失价值，从而使市场顺利运作。当我们在日益复杂的金融环境中航行时，理解可替代性的细微差别将是做出明智经济决策的关键，无论是作为消费者还是投资者。可替代性的影响还扩展到新兴技术，其中可替代资产和非可替代资产之间的区别继续演变，塑造着商业和贸易的未来。