image description

Meath students place second in European finals of financial education competition

8th May 2018

Second year students beat 23 other European countries to claim second in live final of the European Money Quiz in Brussels

Meath students Ciarmhac O’Fionnagáin, 14, and Michael McGovern, 14, have placed second in the finals of the European Money Quiz 2018, a European-wide financial education competition which attracted more than 41,000 participants across Europe. The second year business studies students from O’Carolan College, Nobber, Co Meath were competing today in a live final in Brussels featuring teams from 25 different countries across Europe.

The European Money Quiz is a European-wide competition which aims to promote financial literacy among students aged between 13-15 year olds. Designed by national banking associations across Europe, including Banking & Payments Federation Ireland, it is coordinated by the European Banking Federation (EBF).

In March, BPFI hosted the Irish heats of the quiz when hundreds of students in classrooms across Ireland played the quiz simultaneously in an innovative real time Kahoot! Webcast on YouTube. Students, in teams of two, had to answer a range of financial education related questions with the winner being the team to answer the most correct questions in the fastest time. In total over 41,000 students competed in the quiz at national level in their respective countries.

The final, hosted today by the EFB in Brussels, saw 25 teams of two answer a total of 30 financial literacy questions in their native language via the Kahoot! Quiz.

Speaking at today’s final Jillian Heffernan, Head of Communications, BPFI said: “Today’s result is a fantastic achievement for Michael and Ciarmhac, they have done themselves, their teacher Caroline and their school, O’Carolan College, incredibly proud. The European Money Quiz has been huge success both in Ireland and across Europe. It is vital that we help young people prepare for their future and this quiz is a fun way to learn about money, personal finance and financial terminology.”

The European Money Quiz was launched this year as part of European Money Week (EMW), a joint initiative between the European Banking Federation and 30 banking associations across Europe – including BPFI. BPFI’s participation in EMW is part of its on-going work in the area of financial education which also includes the development of BusinessEducation.ie, an online resource for teachers and students of business subjects at second level developed jointly with the Business Studies Teachers’ Association of Ireland (BSTAI) and member banks.

For further information contact Jillian Heffernan, Head of Communications, BPFI, 087 9016880 jillian.heffernan@bpfi.ie

 

About European Money Week

From Monday 12 March until 18 March 2018 the fourth European Money Week took place, with events organised by national banking associations across Europe, under coordination of the European Banking Federation to highlight financial education. The annual initiative involved young people in more than 30 countries, with activities ranging from classroom sessions to seminars and conferences, all seeking to improve financial literacy through better financial education. Each year BPFI works with the Business Studies Teachers’ Association of Ireland (BSTAI) and its member banks to rollout a programme of financial education activities both during this week and beyond with the aim of helping teachers equip Irish students with the right skills. Some of this work can been seen on www.BusinessEducation.ie

< View all news articles