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/ɪkstʃˈeɪndʒəbəl/ Listen

Exchangeable

adjective

Suitable to be exchanged.

Capable of being exchanged for or replaced by something of equal value. Synonym: convertible.

Capable of replacing or changing places with something else; permitting mutual substitution without loss of function or suitability. Synonyms: interchangeable, similar, standardised, standardized. "Interchangeable parts"

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"Exchangeable" Quotes from Famous Books

... concerning exchangeable value. There must be something which determines how much of one commodity another commodity will purchase; and there is no reason to suppose that the law of exchangeable value is more difficult of ascertainment in this ...

— Essays on some unsettled Questions of Political Economy • John Stuart Mill

... are dearer and worse, articles of American production than the foreign, it is better than not to be supplied at all. And how would the large portion of our country, which I have described, be supplied, but for the home exchanges? A poor people, destitute of wealth or of exchangeable commodities, have nothing to purchase foreign fabrics with. To them they are equally beyond their reach, whether their cost be a dollar or a guinea. It is in this view of the matter that Great Britain, ...

— American Eloquence, Volume IV. (of 4) - Studies In American Political History (1897) • Various

... London—to use his roubles in buying things. He could also use the roubles in buying furs and skins of the Russians who still had the same saved from the looting Bolsheviki. At the rate first established, an English pound sterling was exchangeable for forty-eight roubles and vice versa. But on the illicit market, the pound would bring anywhere from eighty to one hundred and forty roubles. The American five dollar bill which was approximately worth fifty ...

— The History of the American Expedition Fighting the Bolsheviki - Campaigning in North Russia 1918-1919 • Joel R. Moore

... a commodity is meant its value estimated in money, or the amount of money for which it will exchange. The exchangeable value of commodities depends at any given period partly upon the expense of production and partly upon the relation of supply and demand. Prices are affected by the creation of monopolies, by the opening of new markets, by the ...

— Up To Date Business - Home Study Circle Library Series (Volume II.) • Various

... use become value in exchange? For it should be noticed that the two kinds of value, although coexisting in thought (since the former becomes apparent only in the presence of the latter), nevertheless maintain a relation of succession: exchangeable value is a sort of reflex of useful value; just as the theologians teach that in the Trinity the Father, contemplating himself through all eternity, begets the Son. This generation of the idea of value has not been noted by the economists with sufficient care: it is important that ...

— The Philosophy of Misery • Joseph-Pierre Proudhon