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Monroe wins state finance competition
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From left are Dave Mancl, executive director of the Office of Financial Literacy in the Wisconsin Department of Financial Institutions; Richard Entenmann, executive director of Asset Builders Inc.; and Monroe students Silas Setterstrom, Sam Nicholson, Jack Sabatke and Bishop Yoder. (Photo supplied)
MILWAUKEE - Monroe High School walked away victorious at the state championship for Asset Builders' Finance and Investment Challenge Bowl on April 27 at the ManpowerGroup headquarters in Milwaukee.

The championship drew 12 Wisconsin high schools and 16 teams. More than 70 students competed.

Monroe won first place and Sauk Prairie High School finished in second in a final game that came down to the last question and ended with a score of 170-165. This was the first time either school advanced to the final game at the state level.

The championship was a five-hour standoff, with teams of four students each answering questions on the economy, business, credit, investment terms and current events. FICB awarded the winners with a trophy to take to their school for the year, as well as $50 for first-place winners and $30 for second place.

The tournaments prepare students to be better decision-makers financially and therefore more likely to avoid poor money management practices in the future.

FICB is a series of regional tournaments conducted across the state from November to March and culminating in the state championship, which was held this year during Money Smart Week. Its objective is to close the growing deficiency in financial literacy and create better future household and business money-managers.

The ManpowerGroup donated its space for the statewide FICB championship.

Asset Builders' mission is to enhance the quality of life and self-determination of low- and moderate-income youth, families and communities through financial education.