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Open-Market Rates

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Open-market rates
Interest rates that are determined in the open market by supply and demand, as opposed to being set by the Federal Reserve Board.

Open-Market Rates
Interest rates determined by the prevailing supply and demand for money rather than according to some benchmark, such as LIBOR, or by some government organization, such as the Federal Reserve.


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Unlike many African countries, illegal mining in Uganda is rare because gold is sold through licensed dealers at open-market rates leaving little incentive for smugglers.
 
 
 
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