For the third consecutive year, the Portuguese Banking Association (APB) promoted the European Money Quiz (EMQ), a European-wide competition created by the European Banking Federation (EBF) to test the financial literacy knowledge of students from 13 to 15 years old.

The initiative, which was open to all schools in the country, counted with the participation of 50 schools and more than 2 thousand students who played the quiz through the Kahoot! app. Davide Casimiro, from the Sertã Schools Grouping, and Rodrigo Medina, from the João Villaret Schools Grouping, in Loures, were the big winners of this edition’s National Final, which took place from 18 to 22 May.

"What inspired me in this competition was the theme of finance, which is not really addressed in schools, but is very important these days. There are many puzzling things out there that we don’t learn how to cope with at school, and often not even within the family”, laments Davide, the big winner of this year's edition. Davide obtained the best score among the 78 finalists competing at national level. The challenge consisted in answering 20 questions on financial education topics, such as debt, savings, risk and online security.

"Learning financial literacy from a young age would give us an important asset to deal with a future where money is everywhere. Young people who learn how to manage money will be more aware and responsible”, says this ninth-grader from the Sertã School Grouping.

Due to the restrictions imposed by the Covid-19 pandemic, the students shortlisted by the various schools for the National Final answered the quiz remotely, using the Kahoot! application.

Also due to the current context, the European Final, which is usually held in Brussels, was this year replaced by an online financial literacy quiz, open to anyone who wanted to take part. This session took place on 16 June, through Youtube, and had more than 1,200 views.

500,000 people, from 28 countries, participated in the EMQ 2020 European edition, the highest number ever, according to the EBF.