Vijay For Victory

Augmented Reality is a word that is becoming popular after varieties of Smart phones hit the market.

What is Augmented Reality?

Wiki defines Augmented Reality as,

Augmented reality (AR) is a term for a live direct or indirect view of a physical real-world environment whose elements are augmented by virtual computer-generated imagery.

Lee provided us a brilliant video to explain the jargon.

"History of the internet" is an animated documentary explaining the inventions from time-sharing to file sharing, from Arpanet to Internet.

The following picture was created by Prof. Vijay Navale and Mahesh Narke. This is a brilliant piece of work that shows all possible Career Paths existing in Indian Educational system.

Lee LeFever now came up with an excellent video on “Saving Money”, a part of financial basics.

The term Compound Interest has been explained brilliantly in simple terms.

For those of you who have difficulty understanding the current world financial crisis and how it evolved, the below story should help. This story is further to “Learn Banking and Finance in easy way” post.

Once upon a time in a village, a man announced to the villagers that he would buy monkeys for $10.

The villagers seeing there were many monkeys around, they left their form work, went out to the forest and started catching them.

The man bought thousands at $10, but, as the supply started to diminish, the villagers stopped their efforts.

The man further announced that he would now buy at $20. This renewed the efforts of the villagers and they started catching monkeys again.

Soon the supply diminished even further and people started going back to their farms. The offer rate increased to $25 and the supply of monkeys became so little that it was an effort to even see a monkey, let alone catch it!

The man now announced that he would buy monkeys at $50! However, since he had to go to the city on some business, his assistant would now act as buyer, on his behalf.

In the absence of the man, the assistant told the villagers: ‘Look at all these monkeys in the big cage that the man has collected. I will sell them to you at $35 and when he returns from the city, you can sell them back to him for $50.’

The villagers squeezed together their savings and bought all the monkeys.

Then they never saw the man or his assistant again, only now the monkeys were everywhere!

Welcome to WALL STREET.

What is Inflation?

What is Financial Stability?

What is Deposite Insurance?

Now a days everyone is speaking about these terms. But how many of us know what exactly they are?

The explaination is here. Recently I received an e-book, comic, from my friend that explains all financial and banking terms in simple English.

This e-book was released by Reserve Bank of India to disseminate information  regarding the central bank and general banking concepts to various target  groups, including, school and college going children, women, rural and urban poor, defence personnel and senior citizens.

The e-book has been designed in such a way that, Money Kumar will familiarise you with the role and functions of the Reserve Bank of India.

Click here to download the comic.

Alternate Source – Money Kumar