BOSTON — A group of Dracut High School students won second place recently in the Banking Bowl, part of the 2018 Massachusetts School Banking Association Spring Conference Competition held at the Federal Reserve Bank of Boston.

A team from Woburn High School came in first at the event, held April 6.

The Massachusetts School Banking Association, also known as the MSBA, hosts the event for area high schools with banking and financial-literacy programs through a financial institution partner, according to a release.

“For the Banking Bowl, students study related terms to a specific topic but also other terms having to do with the financial industry,” said Anne-Marie Sousa, vice president or marketing and financial education at Jeanne D’Arc Credit Union, which has a location in Dracut High. “It’s really increasing knowledge in relation to the financial-services industry. You know, with knowledge comes power, so it’s really just to educate the students.”

Matthew Daniell, a member of the second-place team, said in a written statement that it was “fun to compete against the other teams and to test our knowledge on what we’ve been learning over the past few months.”

“We were really surprised and excited that we got second,” Daniell added.

Nicolas Suprenant, another Dracut High student who competed, said it was a great experience.

Dracut High School Principal Richard Manley said a total of 20 Dracut High students were sent to the competition and, in addition to the bowl, they took part in two other competitions: Product Development and Marketing.