Kentucky Personal Finance Challenge Rules

  1. This is the preliminary, online, qualifying round for the Kentucky Personal Finance Challenge.

  2. There MUST be a teacher/coach in the room to monitor students during the quiz.

  3. Read these instructions thoroughly before starting the quiz.

  4. Have pencil and plain paper ready to use for calculations, etc. you  may want to make.

  5. You CANNOT use calculators, notes, books, cell phones, etc. during the quiz. You cannot print or copy the questions.  There can be no discussion or sharing of answers.

  6. This is an individual student competition. Only one student to a computer at a time.

  7. For identification, students will be asked to give First Name and Last Initial, School name, Teacher name, and Class name.  You will be assigned a password to use to enter the quiz which will be given to you by your teacher. This password can only be used once to access the quiz.

  8. Questions will appear one at a time. You cannot go back after answering a question.  Do NOT use the "back" key in your browser.

  9. Scoring of questions: 1 point for each correct answer; 0 points for incomplete or incorrect answers.

  10. You will have 30 minutes to answer 40 questions. There is an online timer for you.  At the end of 30 minutes, the quiz will automatically close and record your answers.  If you finish before the 30 minutes, you can select "Finish" at the end of the quiz to close the quiz.

  11. You will only have one opportunity to take the quiz.

  12. Students who receive "outside help", and do not follow the rules above, will be disqualified.

  13. Student scores will be shared with your teacher by email. The top 4 highest scores in your class will be added together to determine your classes top "team" score.  The top 4 highest scoring teams will be announced the winners and will be invited to participate in the KCEE Kentucky Personal Finance Challenge quiz bowl.  In case of the need for a tie-breaker, teachers will be notified.  KCEE (in consultation with the national Council on Economic Education) has final say in the interpretation of these rules and in the ruling of any unforeseen eventualities.

  14. Select the "best" answer for each of the questions in this quiz.   Good Luck!

  15. Select this link to Take the Personal Finance Challenge

 

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More information about the Personal Finance Challenge

Add competitive excitement to your classroom! The KCEE Personal Finance Challenge is an opportunity for grades 9-12 high school students to demonstrate their knowledge of personal finance by competing against other students across the state in multiple-choice and quiz bowl challenges.   

Preliminary/Qualifying Round - Teachers will register their classes to participate in this online qualifying round.  In this qualifying online round, individual students will complete a quick 30-minute, 40 question quiz that covers topics in income, money management, spending and credit, and saving and investing.

Each classes' top 4 individual student scores will be added together to make up the class top scoring team. (Note: a teacher could have more than one class.) 

The four highest-scoring teams in the state will compete in the State Personal Finance Challenge on May 5.  (Teachers have the discretion of substituting team members to advance if necessary.)

State Challenge — The top four highest-scoring teams in the state will advance to the state challenge hosted by the Federal Reserve Bank of St. Louis-Louisville Branch.  The state challenge will be a series of quiz bowl, buzzer-round competitions to determine the state winner. Student participants receive certificates of recognition and the first place team wins a school trophy and advance to the National Challenge.

National Challenge - The state winning team will advance to the National Personal Finance Challenge held in Kansas City, MO on May 20. Travel and hotel expenses will be paid for by Wachovia Wells Fargo Foundation.

Dates to Remember:

Team Registration Deadline | April 15
To participate, teachers must register online.

Preliminary/Qualifying Round | April 12-23
Students will compete individually in the online qualifying round. Each classes' top 4 scores will be added together to make the class top scoring team.  Then, the four highest-scoring teams across the state will compete in the State Personal Finance Challenge on May 5. 

State Personal Finance Challenge | May 5
The four top-scoring teams from the preliminary online round will compete in the state championship, which will be a quiz-bowl round hosted by the Federal Reserve Bank of St. Louis-Louisville Branch in Louisville.

National Personal Finance Competition | May 20 | Kansas City, Mo.
The state champion will be invited to participate in the first National Personal Finance Competition in Kansas City, MO against the winning teams from other participating states. Hotel and transportation are paid for by Wachovia Wells Fargo Foundation.

Sponsors:  Kentucky Council on Economic Education and the Centers for Economic Education in partnership with the Federal Reserve Bank of St. Louis - Louisville Branch.