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:
“But let me open up my heart to you completely, my friends: if there were gods, how could I bear not being a god! Hence, there are no gods. I drew this conclusion, to be sure—but now it draws me.”
—Friedrich Nietzsche (1844–1900)
“It is a sign of our times, conspicuous to the coarsest observer, that many intelligent and religious persons withdraw themselves from the common labors and competitions of the market and the caucus, and betake themselves to a certain solitary and critical way of living, from which no solid fruit has yet appeared to justify their separation.”
—Ralph Waldo Emerson (1803–1882)