Scope note

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An instance of exchange value is the collective ascription of a form of equivalence between two currencies or commodities decided through the context of a G1 Financial Exchange. The substance of the exchange value is the communal commitment to the equivalence of the two currencies or commodities in question.

Instances of exchange value come to be through the process of negotiation and trade, though they may have arisen through habit, fiat or be of unknown origin. Instances of exchange value end either through a formal process, such as a new negotiation or trade, the formal fixing of an alternate exchange value for a given currency or commodity (which may also be null in the case of defunct government or authority), be eliminated by fiat or be of unknown reason.

Language

en