BANKING AND FINANCIAL SYSTEMS

 

This event recognizes FBLA members who have an understanding of and skills in the general operations of the various components of the financial services sector.

 

This event consists of two (2) parts: an objective test and a performance component.   A one-hour objective test will be based on concepts and practices of banking and financial systems, government regulation of financial services, basic terminology, impact of technology on financial services, types and differences between various institutions, ethics, careers in financial services, and taxation.

 

The top five (5) teams with the highest score on the objective test will advance to the performance. A case study will be given consisting of a problem or scenario encountered in the banking or financial business community.

 

ELIGIBILITY

Each team must be composed of two to three (2-3) members.  No more than one (1) team member may have competed in this event at a prior National Leadership Conference or placed 1st or 2nd in this event at a previous State Leadership Conference.

 

Participants must have paid state and national dues postmarked by December 15 of the current school year.

 

District:        Number of participants governed by local FBLA District policy.

 

State:           Each district may be represented by participant(s) based on the Florida FBLA scaled quota system found in the Fact Finder.

 

National:    See publication:  National Chapter Management Handbook—current edition.

 

REGULATIONS

 

District:       Each district determines its own procedures for event registration.

 

State:          When it has been determined that a team will represent the district at state competition, the student's local adviser must send the appropriate entry form to the state adviser by first-class mail.  The entry form and the required postmark deadline are included in the SLC registration packet.

 

National:    See publication:  National Chapter Management Handbook—current edition.

 

• Participants must be selected in accordance with the regulations of the FBLA district and state chapters and the national association.

 

• Participants must not have entered this event at a previous National Leadership Conference or placed 1st or 2nd, in this event at a previous State Leadership Conference.

 

• Participants failing to report on time may be either disqualified or permitted to begin late with no extension of the time as scheduled. 

 

• Participants must furnish their own No. 2 pencils and erasers.  Nongraphing calculators will be provided.  No electronic devices may be brought to the event.     No reference materials or other items are to be brought to the event.

 

• Participants must adhere to the dress code established by the Board of Directors or they will not be permitted to participate in the competitive event.

 

CASE STUDY PROBLEM

 

• The five teams with the highest score will be scheduled for a performance.  The order of performance will be drawn at random by an impartial person in the event office.

 

• The finalists will be sequestered before the first performance to receive instructions and time assignments.   Twenty minutes (20) before their performance time, individuals will receive the case study.

 

• Two (2) 4” x 6” note cards will be provided for each participant and may be used during the preparation and performance of the event. Information may be written on both sides of the note cards. Note cards will be collected following the presentation.

 

• No reference materials, visual aids, or electronic devices may be brought to or used during the preparation or performance.

 

• The team has seven (7) minutes to interact with a panel of judges and present the solution to the case. The judges will play the role of the second party in the presentation and refer to the case for specifics. This is a role-play event.

 

• Teams should introduce themselves, describe the situation, make their recommendations, and summarize their case. All team members are expected to actively participate in the performance.

 

• A timekeeper will stand at six (6) minutes and again at seven (7) minutes.

 

• Case study performances are open to conference attendees, except performing participants of this event.
 

JUDGING
 

The written objective test will be machine graded. In the event of a tie, the teams’ performance on the final ten questions of the exam will be evaluated.  After that, if necessary, the order in which the tests were received will be used.

 

The performance portion of this event will be evaluated by a panel of judges.  All decisions of the judges are final.  In the case of a tie after the performance, the objective test score will be added to determine the final rank.

 

AWARDS

 

District:       The number of awards presented at the District Leadership Conference is determined by local FBLA District policy.

 

State:          State awards for the top five places are presented at the State Leadership Conference.

 

National:    The number of awards presented at the National Leadership Conference is determined by judges and/or number of entries.  The maximum number will be ten.