Definition of exchangeable:
fungible, complementary, standardized, redeemable, alike, substitutable, similar, interchangeable, cashable, transmutable, reciprocal, equivalent, vicarious, substitutive, transformable, commutable, replaceable, convertible, correlative, returnable, mutual, translatable, like, standardised.
If a commodity were in no way useful,- in other words, if it could in no way contribute to our gratification,- it would be destitute of exchangeable value, however scarce it might be, or whatever quantity of labour might be necessary to procure it.- "On The Principles of Political Economy, and Taxation", David Ricardo.
Fish then would rise or fall in exchangeable value, only because more or less labour was required to obtain a given quantity; and it never could rise or fall beyond the proportion of the increased or diminished quantity of labour required.- "On The Principles of Political Economy, and Taxation", David Ricardo.
Although then the farmers, who cultivated land of this quality, would undoubtedly be injured by the fall in the exchangeable value of the commodity which they produced,- how would the country be affected?- "On The Principles of Political Economy, and Taxation", David Ricardo.