liquidity vs exchangeability

liquidity and exchangeability both are nouns.

Word	Noun	Adjective	Verb	Adverb
liquidity	Yes	No	No	No
exchangeability	Yes	No	No	No

As nouns, exchangeability is a hypernym of liquidity; that is, exchangeability is a word with a broader meaning than liquidity:

Other hypernyms of liquidity include fungibility, interchangeability, interchangeableness.

liquidity (noun)	exchangeability (noun)
the property of flowing easily	the quality of being capable of exchange or interchange
being in cash or easily convertible to cash; debt paying ability
the state in which a substance exhibits a characteristic readiness to flow with little or no tendency to disperse and relatively high incompressibility