FUNancial Quest S04 Semi Finals - Segment 3

Apr 30, 2015

    • Back taxes are taxes that have been unpaid in the year that they were due.
    • According to Forbes, if a Google employee passes away, their surviving spouse or domestic partner will receive a check for 50% of their salary every year for the next decade.
    • Banca Monte dei Paschi di Siena is the oldest bank in the world founded in 1472
    • Dundee Mutual Fund is the first private sector corporate that launched Gold Fund in India.
    • Swap or Currency Swap is the exchange rate of one currency for another over a fixed period of time.
    • The person who introduced the Double Entry book keeping concept is Lucus Pacioli.
    • The first woman to become the President of Madras Chamber of Commerce was Mallika Srinivasan.
    • Buying a company to sell its assets is called Asset Tripping.
    • Adam Smith is the father of modern economics.
    • In money market, the term used for the non-convertible paper money is called Flat Money

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