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Is hay a fungible good

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Anonymous

13y ago
Updated: 8/20/2019

No. Hay is made of not just one type of grass or legume or grass-legume combination, but rather many possibilities of grass and legume cultivars and varieties and even more possible combinations of the variety of species, varieties and cultivars of grasses and/or legumes that are used in the production of hay. Quality also differs wildly in hay depending on growing conditions, when it was cut, when it was harvested, how it was stored, etc. If you sold your neighbor your hay and you got hay back from your neighbor, the hay you got from your neighbor, no matter if it's the same hay or not, will not be in the same condition, same forage combination, same shape as the hay you gave your own neighbor. Also the hay produced one year on your farm is never the same as the hay produced last year or the year before.

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Wiki User

13y ago

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What is the difference between a fungible good and nonfungible good?

A fungible good is interchangeable with another identical unit, such as currency or oil, whereas a nonfungible good is unique and not interchangeable, such as art or real estate. Fungible goods can be exchanged on a one-to-one basis, while nonfungible goods have distinct characteristics that differentiate them from each other.


How do you use fungible in a sentence?

If something is fungible it can be broken into pieces without losing much of its value. Something is fungible or it is not. Gold can be melted down and split into smaller bars with no loss of value, therefor it is fungible. Gasoline is fungible, you can sell two half gallons for the same price as a single gallon. A race horse is not fungible. An iPod is not fungible. A rare coin is not fungible. You're not fungible. Hope this helps.


Is work the best example of a fungible good?

Work is not typically considered a fungible good. Fungible goods are items that can be exchanged or replaced with one another without loss of value, like currency or commodities. While labor can be exchanged for wages, the quality and nature of work can vary greatly among individuals and roles, making it less interchangeable than classic fungible goods. Thus, the uniqueness of skills and contributions in work settings distinguishes it from true fungibility.


What is the difference between fungible and non fungible goods?

Fungible goods are items that can be exchanged or replaced with others of the same kind and value, such as currency or stocks, where each unit is identical and holds the same value. Non-fungible goods, on the other hand, are unique and cannot be exchanged on a one-to-one basis, as they possess distinct characteristics, like art pieces, real estate, or collectibles. Essentially, fungible goods are interchangeable, while non-fungible goods are not.


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Can hay kill gerbils?

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