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:
“We were young, we were merry, we were very very wise,
And the door stood open at our feast,
When there passed us a woman with the West in her eyes,
And a man with his back to the East.”
—Mary Elizabeth Coleridge (1861–1907)
“The market came with the dawn of civilization and it is not an invention of capitalism.... If it leads to improving the well-being of the people there is no contradiction with socialism.”
—Mikhail Gorbachev (b. 1931)
Related Phrases
Related Words