Thursday May 28, 2015
It took 17 rounds of competition and two championship matches for the winner of the 2015 Vermont Treasury Cup Challenge to be determined. With just one correct answer separating the two teams, Mount Mansfield Union High School beat defending champions South Burlington High School (SBHS) to take the tournament victory. The daylong high school competition tests student knowledge in personal finance and economics and is directed by the Vermont State Treasurer’s Office.
Coached by SBHS math and science teacher, Eric Stone, the SBHS students competing were Phil Holt, Vaishnavi Andra, Matt Reeves and Matt Gordon. Each team member won a $250 college savings account, donated by the Vermont Student Assistance Corporation. The TD Bank Charitable Foundation underwrites the tournament.
“The ten high schools that fielded teams this year definitely came prepared and ready to compete,” said State Treasurer Beth Pearce. “Throughout the tournament we had several tied matches and many of the scores were extremely close. I appreciate the work of the teachers involved to engage their students in a financial curriculum that will yield benefits to them far beyond this tournament. It helps prepare them for their financial future.”
This is the seventh year for the challenge in which four person student teams compete in a quiz-show style contest. In round one of each match, students were asked questions on personal finance. Questions covered such topics as how to responsibly use credit, ways to budget money, understanding taxes, and signing a lease. In the second round, students addressed questions on the economy. Students were asked about the rate of inflation, what is the gross domestic product, the importance of the unemployment rate, how stock markets work, and monetary policy. The final lightning round allowed students to compete to answer questions that covered both personal finance and economics.