15-year-old Zsófia Strasszer of the Károly Keleti Vocational Secondary School in Budapest won the financial literacy competition 'European Money Quiz' hosted by the European Banking Federation (EBF).
According a report by EBF, 13-15-year-old students from secondary schools across Europe have had their financial literacy challenged in the online contest European Money Quiz’s Final.
The European Money Quiz attracted nearly 50,000 students this year via the Kahoot platform. The quiz was launched in 2017 as an initiative to promote financial education by national banking associations in Europe, under coordination by the European Banking Federation.
“The continued resilience and dedication of the European Money Quiz community ensured a successful competition in an online format for the second year in a row. While we hope to be able to welcome the finalists in Brussels next year, we are proud of teachers and our members whose hard work made the quiz a reality even against a very challenging backdrop,“ EBF CEO Wim Mijs is quoted in the report. “Now more than ever, financial literacy should be recognised as a critical life skill. We trust that the European Money Quiz provides an important contribution to boosting financial literacy across Europe,” he added.
Zsófia Strasszer from Hungary was the winner of the European Final, winning a prize EUR 3,000 for her school, followed closely by Georgia O’Keefe from Ireland and Veronika Makelová from Slovakia. In this year's final, the top performing countries included Hungary, Ireland, Slovakia, Estonia, Austria, Malta, Italy, Portugal, Norway and Greece.
Competitors measured their knowledge on personal finance along four main themes: money and transactions; planning and managing finances; risk and reward; and the financial landscape. The pedagogic content of the quiz is aligned with the OECD/INFE guidelines and core competencies on financial literacy for the youth.
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