Depository System — Secretarial Practice STD 12 Commerce / Arts — Question
Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsSecretarial PracticeDepository System2 Marks
Question
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.
Need a full question paper?
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.