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:
“Don: Why are they closed? They’re all closed, every one of them.
Pawnbroker: Sure they are. It’s Yom Kippur.
Don: It’s what?
Pawnbroker: It’s Yom Kippur, a Jewish holiday.
Don: It is? So what about Kelly’s and Gallagher’s?
Pawnbroker: They’re closed, too. We’ve got an agreement. They keep closed on Yom Kippur and we don’t open on St. Patrick’s.”
—Billy Wilder (b. 1906)
“Talk of a divinity in man! Look at the teamster on the highway, wending to market by day or night; does any divinity stir within him? His highest duty to fodder and water his horses! What is his destiny to him compared with the shipping interests?”
—Henry David Thoreau (1817–1862)