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Are you a whizz in a quiz?

12th February 2018

Calling all business students – inaugural EuropeanMoneyQuiz launches in Ireland!

  • Inaugural European Money Quiz, aspires to boost financial education amongst second level students in Ireland
  • Banking and Payments Federation launches 2018 European Money Week programme of events

The 2018 programme of events for the Banking and Payments Federation (BPFI), European Money Week is now live – with this year’s events even bigger and better than before. Teachers and students will have a choice of competitions, events and engagements to take part in during the European Money Week, March 12 – 16, aiming to boost financial literacy levels and raising awareness on the benefits of financial education.

The inaugural EuropeanMoneyQuiz is a new feature this year, with the National Irish heats set for March 14. Competition is rife as thousands of 13-15 year olds across Ireland set to take part. The winning students will be invited to play directly against students from other European countries during the European finals on May 8 in Brussels. Here the ultimate EuropeanMoneyQuiz champion will receive a €3,000 cheque, amongst other prizes, which their school can spend on a financial literacy project.

This is but one of the activities taking place during European Money Week, another being BPFI’s Economist Webinar for second level students. Bringing together the chief economists from Ireland’s leading retail banks, the Economist Webinar is set to stream into classrooms on March 6 allowing students right across Ireland to engage on the top economic issues of the day. Registering details for both events can be found at www.businesseducation.ie

“This international quiz is a great initiative to boost financial literacy amongst students in Ireland, but also provide teachers with some additional tools to continue to do so even after the quiz is over,” says Margaret McDonnell, President of the Business Studies Teachers Association (BSTAI). We want to help young people prepare for their future and this quiz is a fun way to learn about money, personal finance and financial terminology.”

“We need to enable young people to get ready and understand the terminology they will come across in the future by testing and challenging them,” says Dr Ali Uğur, Chief Economist of BPFI. “That is exactly what our programme for European Money Week aims to do and everyone has fun too! At BPFI we work in conjunction with the BSTAI and our member banks to develop a financial education programme of events, resources and engagements each year to help teachers equip Irish students with the right skills. I am confident we will get lots of attendees to our Economist Webinar and entrees to the National Quiz this year!”

According to the latest international benchmark for financial education, the PISA survey conducted every five years by the Organisation for Economic Cooperation and Development (OECD), more than one out of five 15-year old students scored below baseline proficiency when tested for financial literacy. European Money Week is developed by national banking associations across Europe under coordination of the European Banking Federation to help combat these findings; this year’s European Money Quiz is the key European wide event. The question-based online learning platform Kahoot! will serve as the channel for the quiz, which can be played in the national language of the countries taking part.

In addition to financial literacy, the European Money Quiz also includes questions relating to cyber security and online banking. To help students prepare for the quiz the BPFI has created practice quizzes on www.businesseducation.ie . This will help students test their skills and insights and determine their readiness to manage personal finances. Teachers can use these ‘Kahoots!’ to help students prepare for the national finals in the money quiz or as a fun element in financial literacy classes. Check out www.businesseducation.ie  or www.europeanmoneyquiz.eu

Check out the European Money Quiz video

 

For more information:

Keira Doyle, Head of Communications, 086 269 4460, Keira.doyle@bpfi.ie

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