exchangeable

Estimated CEFR level: C2 — Proficiency

Estimated from word frequency; not an official CEFR classification.

Definition

adjective suitable to be exchanged
adjective capable of being exchanged for or replaced by something of equal value
adjective capable of replacing or changing places with something else; permitting mutual substitution without loss of function or suitability

From exchange + -able.

He regards the latter as productive because it creates exchangeable values. — A history of economic doctrines : $b from the time of the physiocrats to the present day, Charles Gide
Labour therefore, is the real measure of the exchangeable value of all commodities. — An Inquiry into the Nature and Causes of the Wealth of Nations, Adam Smith
For the tenement is a great working hive in which nothing has value unless exchangeable for gold. — Children of the Tenements, Jacob A. (Jacob August) Riis

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