The term open market is used generally to refer to a situation close to free trade and in a more specific technical sense to interbank trade in securities.
Read more about Open Market: Use of The Term in Economic Theory, Use of The Term in Banking
Famous quotes containing the words open and/or market:
“Betray, kind husband, Thy spouse to our sights,
And let mine amorous soul court Thy mild Dove,
Who is most true and pleasing to Thee then
When she is embraced and open to most men.”
—John Donne (15721631)
“But the nomads were the terror of all those whom the soil or the advantages of the market had induced to build towns. Agriculture therefore was a religious injunction, because of the perils of the state from nomadism.”
—Ralph Waldo Emerson (18031882)
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