Quiz Bowl is brought to you in part by New Perspectives, Inc.

It's about more than your portfolio.

It's about your life.

Welcome to the Mississippi Quiz Bowl.

I'm your host, Keri Horn, and today's competition is the Personal Finance Challenge, High School Division.

Today, we gather to celebrate financial literacy and empower our participants to navigate the complexities of personal finance with confidence and skill.

This event promises to be an exhilarating showcase of knowledge, critical thinking and practical application.

Our final teams competed in a regional challenge earlier today and have proven themselves to be the best.

And now the final round of the challenge is being televised by Mississippi Public Broadcasting.

As I mentioned before, my name is Keri Horn, and I'll be your host today.

Our Quiz Bowl judge is David Johnson, senior vice president, director of community development at Bank Plus.

He is assisted by Queenie Qualls and Casey Bacon of Statewide Federal Credit Union.

Organized by the Mississippi Council on Economic Education, the Mississippi Personal Finance Challenge Quiz Bowl is more than just a competition.

It's an opportunity for students to develop essential life skills that will serve them well beyond the classroom.

Now, participants will answer from various financial literacy topics, ranging from budgeting and saving to investing and retirement planning.

Now, on my right, we have Germantown, and on my left, we have Madison Central.

Now, let's learn a little bit about our contestants.

My name is Abraham Awabdy, and I go to Germantown High School.

And a fun fact is that I broke this buzzer two years ago.

My name is Emiliano Valdez.

I go to Germantown High School.

My fun fact is I have six dogs and four cats.

My name is Lorelei Estes.

I'm from Germantown High School and my fun fact is that I am CPR certified.

My name is Tate Bragg.

I'm from Germantown High School and my fun fact is that I gave a speech at Tokyo University.

My name is Teshy Jalf and a fun fact about me is that I was born in India.

My name is Aalekhrao Arapalli and I read three Wall Street Journal articles per day.

My name is Jackson Rippel and I'm moving to Pensacola, Florida in three weeks.

My name is Noah Clapper.

I'm the president of the debate club at my high school.

Thank you, everyone.

Now, before we get into it, let's review the rules.

As we begin this thrilling journey, we encourage all participants to embrace the spirit of friendly competition, collaboration and learning.

Good luck to both teams.

And now let the Mississippi Personal Finance Challenge Quiz Bowl begin.

[beep] Madison Central.

Overtime?

No, that is incorrect.

I will reread the question.

[beep] Time and a half.

That is correct.

Next question.

Three seconds.

All right, Germantown.

Higher tax withholding.

That is correct.

Yes.

Next question.

Germantown.

Standard retirement account?

That is incorrect.

I'll re-read the question for Madison Central.

Alright.

A 401(k).

That is correct.

That is correct.

Next question.

[Buzzer] Got two seconds.

All right, Madison Central.

The federal payroll tax.

I'm afraid that is incorrect.

I'll read it again for you all.

And I'm afraid time has run out.

The answer was FICA.

Oh, yeah, that was.

That was easier than it.

All right, next question.

All right, Jermitown.

W-2.

That is correct.

♪♪ All right, next question.

Yes.

Net income?

That is correct.

All right.

Next question.

Madison Central.

Progressive.

That is correct.

Progressive tax.

That's correct.

All right.

Next question.

♪♪ Three seconds.

And I'm afraid that's time.

The answer was marginal tax rate.

It's easy because I have them right here.

That's why.

Alright, next question.

Alright, Madison Central.

W-4.

That is correct.

Nice.

Alright, next question.

Commission.

That is correct.

Mm-hmm.

Alright.

You have two seconds.

And I'm afraid that's time.

The Fair Labor Standards Act.

All right, next question.

All right, you've got two seconds.

And I'm afraid that's time.

The answer is a 1099.

All right, this is a fill in the blank question.

All right, Germantown.

Fixed expense.

That is correct, yes.

All right.

All right, Germantown.

Depreciation.

That is correct.

All right.

Germantown.

- Discretionary.

- That is correct.

Germantown.

Oh, okay, sorry.

I'll ask the question again for Madison Central.

Yes, a balanced budget.

I'm afraid that's incorrect.

It is a zero based budget.

It equals zero.

Yeah.

Alright, next question.

Madison Central.

Because they are the constant across time frames.

That is correct.

They remain constant each month.

Alright, next question.

Germantown.

50% to bills, 30% to wants, and 20% to savings.

That is correct.

That is correct.

All right, next question.

This one is a fill in the blank.

Regressive?

That is correct.

Madison Central.

Opportunity cost.

That is correct.

Fill in the blank.

Madison Central.

Impulse buy.

That is correct.

This is going to be the last question.

All right, Germantown.

Deficit spending.

I'm afraid that is incorrect.

I'll reread the question.

♪♪ And that is time.

Okay, the answer is budget deficit or negative cash flow.

So that is the end of round one, and our current scores are Germantown with six and Madison Central with five points.

And now, let's move on to round two, which is saving and investing.

Germantown.

Emergency fund.

That is correct.

Next question.

Madison Central.

Liquidity.

That is correct.

Certificate of deposit.

That is correct.

OK, next question.

Germantown.

Pardon?

Inflation.

I'm going to go to the judges on this one.

I'm afraid that is incorrect.

I'll ask you the question.

- Time value of money.

- That is correct.

All right.

Madison Central.

- Long term.

- That is true.

That is correct.

Madison Central.

Simple.

That is correct.

Madison Central.

1,050.

That is correct.

Next question.

Germantown.

Automatic deposit.

That is correct.

529.

That is correct.

Next question.

Madison Central.

If you own stock and the value of the stock increases, that would be capital gain.

Okay, that is correct.

All right, next question.

The higher the risk, the higher the return.

Mm-hmm.

That is correct.

A dividend.

That is correct.

All right, got three seconds.

All right, time is out.

The answer is dollar cost averaging.

All right, next question.

Germantown.

Mutual fund.

That is correct.

This is a fill in the blank.

Madison Central.

Bull market.

That is correct.

All right.

Yes, Madison Central.

Index fund.

That is correct.

All right, next question.

All right, we've got two seconds.

And that's time.

The answer is asset allocation.

Alright, next question.

Germantown.

12 years.

That is correct.

Next question.

All right, you got one-- OK, Madison Central, just under the wire.

$1,000?

I'm afraid that's incorrect.

I'll ask the question to Germantown.

$1,500.

That is correct.

All right, this is the last question for this round.

All right, Germantown.

The Dow Jones.

Yep, the Dow Jones Industrial Average.

And at the end of round two, our current scores are Germantown with 12 and Madison Central with 13 points.

And now, the next round will be our final round, Madison Central.

- Credit score.

- That is correct.

Germantown.

- 350 to 850.

- I'm afraid that's incorrect.

Can we ask the question?

The answer is 300 to 850.

All right, next question.

Germantown.

The APR.

That is correct.

All right.

Next question.

Madison Central.

Collateral.

I'm afraid that's incorrect.

I'll reread the question.

♪♪ Hurry in time.

The answer is a secured loan.

Next question.

Madison Central.

Defaulting.

That is correct.

All right.

Next question.

Germantown.

That's time.

So, sorry, I can reread the question.

All right, and that is time.

The answer is the Fair Credit Reporting Act.

All right.

Next question.

Germantown.

Minor credit.

That is incorrect.

I'm going to reread the question for Madison Central.

Okay.

The answer is credit limit.

Alright, next question.

Madison Central.

Co-signing?

That is correct.

Next question.

Madison Central.

Loan sharking.

Afraid that is incorrect.

I'll re-ask the question for Germantown.

♪♪ I'm afraid that is time.

The answer is predatory lending.

Next question.

Germantown.

Bankruptcy.

That is correct.

Alright, this is a fill in the blank question.

Premium.

That is correct.

Alright.

A deductible.

That is correct.

Alright.

Next question.

Liability insurance.

That is correct.

All right, next question.

Germantown.

Term life.

That is correct.

All right.

Next question.

♪♪ You have three seconds.

♪♪ And that is time.

The answer was risk pooling.

All right, next question.

Two seconds.

And that is time.

The answer is adverse selection.

All right, next question.

This is a fill in the blank.

Three seconds.

And I'm afraid that is time.

It is an umbrella insurance.

Okay.

Disability insurance.

That is correct.

Next question.

♪♪ Got three seconds.

♪♪ And I'm afraid that's time.

The answer is term life insurance.

And this is our last question of the round and of the game.

Gap insurance.

>> Gap insurance.

>> Gap insurance is correct.

All right.

And that concludes our final round with our final scores of Germantown with 17 and Madison Central with 14.

That means that the winning team is Germantown.

Congratulations and congratulations to you both.

We extend our sincerest congratulations to all the participants of the Mississippi Quiz Personal Finance Challenge.

To the students, and academic coaches who have dedicated countless hours of preparation your hard work and perseverance have not gone unnoticed.

Your hard work and perseverance have not gone unnoticed.

You have exemplified the spirit of intellectual curiosity and academic excellence, and we commend you for your outstanding achievements.

Congratulations again to both teams and thank you for watching the 2026 Mississippi Personal Finance Quiz Bowl High School Division.

I'm Keri Horn and I will see you next time.

♪♪ Oh, there's a bottle on set.

Ok.

My fault.

He's thirsty.

I understand.

I am too.