Fungibility Fungibility In economics, fungibility is the property of a good or a commodity whose individual units are essentially interchangeable. For example, since one kilogram of pure gold is equivalent to any other kilogram of pure gold, whether in the form of coins, ingots, or in other states, gold is fungible. Other fungible commodities include sweet crude oil, company shares, bonds, other precious metals, and currencies. Fungibility refers only to the equivalence of each unit of a commodity with other units of the same commodity and not to the exchange of one commodity for another, which is barter. The word "fungibility"
Precious Illusions Precious Illusions "Precious Illusions" is a song written, recorded and produced by Alanis Morissette, for her fifth album "Under Rug Swept" (2002). It released as the album's second and final international single on 5 August 2002. Its lyrics describe a conflict between idealism and realism, and its protagonist refers to her childhood fancies as "precious illusions" that she has distanced herself from with a feeling that reminds her of "parting with an imaginary friend". "Precious Illusions" didn't receive as much radio airplay in the U.S. as "Hands Clean", the first single from "Under Rug Swept". It peaked within the top