Mon. Feb 24th, 2020

Knowing about finance has a prize – La Provincia

Knowing about economics and finance has a prize. The students of second year of Baccalaureate of the Sacred Heart of Tafira school (Las Palmas de Gran Canaria) and those of Santsima Trinidad de Plasencia school (Cceres) were played yesterday the quarterfinals of the third edition of the Financial Knowledge Contest organized by the Bank of Spain and the National Commission of the Stock Market (CNMV). The canaries won after a round of 40 questions and will go to the semifinal next September 24. Giving visibility to the economy among the youngest has been the best result of this initiative.

"What name receives the percentage of interest paid or collected?" The question remains in the air and the time is running, the score is very tight, but the team only takes three seconds to answer: "interest rate!". The presenter doubts but finally clarifies: "correct !, one hundred points more for Las Palmas". This was the most repeated phrase yesterday in the quarterfinals of the third edition of the Financial Knowledge Contest integrated in the Financial Education Program and promoted by the Bank of Spain and the National Securities Market Commission (CNMV). The phase, which faced the second-year high school students of the Sacred Heart of Tafira school (Las Palmas de Gran Canaria) and the students of the same course of the Holy Trinity School of Plasencia (Cáceres), ended the victory of the Grancanario school.

The level was very high, the Canaries faced the current champions, but the five students of the center of Tafira controlled the nerves and passed with a difference of 750 points to the semifinal, which will be held on September 24 in La Coruña ( Galicia). The objective: to reach the final at the headquarters of the Bank of Spain in Madrid on October 7, Financial Education Day. "It is not about being science or letters, these types of initiatives include aspects that we should all know," reflects Elena González, spokesman for the Canarian team. The 17-year-old is very clear that she wants to study marketing and market research and recognizes that they have been preparing "all year" to "wipe out the final."

More than 500 schools from all over Spain were submitted to the contest, but only eight arrived in the final stages. "It is not the first time that Canarian teams participate, but it is the first time they go so far and it is also the first time that the qualifier is held here," explains José Rodríguez, director of the Bank of Spain branch in Las Palmas de Gran Canaria The initiative, which seeks to promote the learning of financial knowledge among secondary school, high school and vocational students, includes the provision of resources to teachers to complete or shape their classes in these subjects. "It is very important that young people learn economics because even if they do not dedicate themselves professionally to it, they will be users of services and will affect them directly," says Rodríguez.

"What to do when the cashier swallows the card?, What data is needed for the calculation of the APR? Or what is the primary market?", Were just some of the forty questions that the representatives of the Bank of Spain asked Yesterday.

Jorge Castilla, 16, did not want to miss the opportunity to participate in the contest. The young grancanario heard the director of the school comment that he needed a group of five students and did not think twice, asked him to join the team. Castilla is in second year of high school but did not choose economics as an optional subject, "being in the branch of science, I could not," he explains, but acknowledges that he is very interested in the subject although his future is in "Telecommunications engineering."

The students of the Holy Trinity College of Plasencia failed to match their predecessors, but recognized positive aspects of the experience, "the initiative has helped us to meet people and learn," said Pablo Gomez, spokesman for the Cáceres team. The 17-year-old student demands more information about this type of programs and more "diffusion of economic aspects through the media".

In addition to the trip to the Spanish capital, the contestants choose to win atabletper participant, 1,500 euros for the winning center and 750 for the finalist. The team that knows more about finance will visit the famous Golden Chamber of the Bank of Spain and will receive a five-day scholarship to see the work being done in the two institutions that organize the event.

"The contest has multiple benefits, the least is the prize," Jorge Veloso, deputy director of the Tafira College reflected at the end of the contest while watching how the ten students forgot the competition and together celebrated Spain's victory in the basketball world cup.

. (tagsToTranslate) Knowing (t) finances (t) has (t) prize (t) Economy (t) news (t) news (t) news of today (t) the province (t) daily of the palms (t) canarias (t) daily las palmas (t) daily.

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