The University of North Carolina won the preliminary round of the College Fed Challenge competition held November 5 at the Federal Reserve Bank of Richmond’s Charlotte branch. The team includes students Sam Grote, Charles Hughes, Daniel Kearby, Nayab Khan, Gabriel Tan, Ryan Delgado and Ben Theye. Professor Mike Aguilar is the coach.
The UNC team advances to the Fifth District championship November 13 in Richmond against American University, which won the competition in Baltimore, and the winner of the preliminary round in Richmond.
Finalists in the Charlotte competition were teams representing UNC at Wilmington and Lenoir-Rhyne University. Other teams that took part were from Guilford College, Winston-Salem State University, Elon University, Appalachian State University and Clemson University.
Students delivered 20-minute presentations on monetary policy and were scored on content, teamwork, responses to questions, presentation and style. Judges included Matthew Martin, senior vice president and regional executive; Rick Kaglic, regional economist; and Bakhodir Ergashev and Jody Martin, both of the Supervision, Regulation and Credit department.
The Richmond Fed sponsors College Fed Challenge, a regional academic competition, to encourage better understanding of the nation’s central bank, the forces influencing economic conditions in the United States and abroad, and the ways the economy affects everyone.
University of North Carolina, Winner
Pictured left to right are: Professor Mike Aguilar, Sam Grote, Ryan Delgado, Charles Hughes, Nayab Khan, Daniel Kearby, Gabriel Tan and Ben Theye.
The Richmond Fed serves the Fifth Federal Reserve District, which includes the District of Columbia, Maryland, North Carolina, South Carolina, Virginia and most of West Virginia. As part of the nation's central bank, we're one of 12 regional Reserve Banks that work together with the Federal Reserve's Board of Governors to strengthen the economy and our communities. We manage the nation's money supply to keep inflation low and help the economy grow. We also supervise and regulate financial institutions to help safeguard our nation's financial system and protect the integrity and efficiency of our payments system.
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