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 market, open and/or market:
“Luxury, then is a way of
being ignorant, comfortably
An approach to the open market
of least information.”
—Imamu Amiri Baraka (b. 1934)
“Those who guard their mouths preserve their lives; those who open wide their lips come to ruin.”
—Bible: Hebrew, Proverbs 13:3.
“When General Motors has to go to the bathroom ten times a day, the whole country’s ready to let go. You heard of that market crash in ‘29? I predicted that.... I was nursing a director of General Motors. Kidney ailment, they said; nerves, I said. Then I asked myself, “What’s General Motors got to be nervous about?” “Overproduction,” I says. “Collapse.””
—John Michael Hayes (b. 1919)