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:
“I would not unduly praise the virtue of restraint. It is often merely temperamental. But it is not always a sign of coldness. It may be pride. There can be nothing more humiliating than to see the shaft of one’s emotion miss the mark of either laughter or tears. Nothing more humiliating! And this for the reason that should the mark be missed, should the open display of emotion fail to move, then it must perish unavoidably in disgust or contempt.”
—Joseph Conrad (1857–1924)
“Have you not heard of that madman who lit a lantern in the bright morning hours, ran to the market place, and cried incessantly: “I seek God! I seek God!””
—Friedrich Nietzsche (1844–1900)