FinanceChallenge

The Rules


Team Composition: 

1) Teams shall be comprised of no more than four (4) members. 

2) Competing with only three (3) members, if necessary, is possible and permissible. 

3) All members of a team must be from the same public school, private school, community organization or club, or afterschool program. This means that students from different schools are eligible to be on the same team, if they are all part of one of the groups mentioned in this section. Home-based high school students may join teams of any of the groups mentioned in this section or may start a team with other home-based high school students in their county. 

4) A team that qualifies for the First Round National Challenge, National Semi-Finals, or National Finals may reconstitute the members of its team prior to the competition. However, if a team must reconstitute members of a team, the team must retain a minimum of one original team member. All team members of the reconstituted team must meet the team composition conditions in and students must meet the general student eligibility conditions noted above.

5) All teams must have a coach, who is an associate (e.g. employee or volunteer) of the team school, organization, or program, and who is fit to accompany students, should the team advance to the finals. 

Test Procedure Rules:

Students and teachers are required to abide by the following rules for a successful challenge:

  • Each student must take the test alone; meaning students cannot work as a group
  • Students may not utilize any outside materials or testing aids (i.e. calculators) during their challenge exam
  • The teacher/advisor is not to help the students by guiding them or re-phrasing a question

Scoring:

A team’s final score is determined by the sum of the top three (3) individual scores of its members. If the team consists of four (4) students, the lowest score will not be counted.

  • Students are awarded 10 points for each correct answer.
  • The highest individual score possible is 300, while the highest team score possible is 900.

Once students have completed testing, teachers may log into their account to obtain individual student and team scores. 

When the Challenge is over, participants will be notified their team ranking via e-mail.