The Charles Schwab Foundation will sponsor awards for the National Financial Literacy Challenge, a 35-question test of personal finance for high school students in the U.S.

“While financial education is important for adults, it can have an even greater impact on today’s youth who haven’t yet developed poor money habits,” said Carrie Schwab-Pomerantz, president of the Charles Schwab Foundation.

The voluntary, online test is recommended by the President’s Advisory Council on Financial Literacy, is sponsored by the Treasury department, and will run through May 16.

“The Challenge questions cover important topics young people need to master, such as budgeting, credit management, insurance, and saving and investing,” said Dan Iannicola Jr., Treasury’s deputy assistant secretary for financial education and the executive director of the literacy council. “By recognizing the students who have excelled in financial education, we will be encouraging more teachers and schools to bring personal finance lessons into America’s classrooms.”

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