Missouri Personal Finance Challenge Rules

 

Competition Divisions:

• High School Division: for students enrolled in a high school level personal finance course or other financial education

• Middle School Division: for students enrolled in a middle school level personal finance coure or other financial education.

Completing the Challenge:

• Students must compete in teams of 3-4 students.
• When it is time for students to complete the challenge, they will  go to http://financechallenge.unl.edu/ and select Missouri. They they will select "Student Access" and enter their unique access code that was assigned to them. They will then complete a short identification and challenge integrity confirmation before they begin the challenge. For insight on student access and the layout of the challenge, check out this short video.
• Once started, each student will have 35 minutes to complete the online exam, and all team members must complete the exam within the same 3 hour window.
• The online exam cannot be paused and students cannot skip questions.
• Students must complete the online exam without any assistance or aids.

• This year's state challenge is open for students during March 25 - April 12, 2024.

Challenge Exam:

• The challenge consists of an online exam with 30 multiple-choice questions covering the following topics:
  • Earning Income
  • Buying Goods and Services
  • Protecting and Insuring
  • Using Credit
  • Saving & Financial Investing
• Individual Exam Scoring:
  • +10 points for each correct answer
  • 0 points for each incorrect answer
• Team Scoring: the sum of the top three individual scores on each team make up the team score.

Determining the State Champion

• The State Champion team in Missouri will be determined as the highest-scoring team on the online exam. In case of a tie, the team completing the exam in the shortest time will be designated as the State Champion.

• The State Champion team will be invited to participate in the National Personal Finance Challenge Finals.