DALLAS TWP. — More than 80 cars and trucks from around the state filled Dallas High School’s parking lot for the Economic Competition Club’s second annual car and truck show Sunday afternoon.
Led by Dennis Garvey, a retired stockbroker, and Tom Gilroy, a social science teacher at the high school, the club held the fundraiser to help pay for trips to regional and state competitions.
The show was dedicated to the memory of the late Chester Kunigonas, who was once a client of Garvey’s.
A generous donation made by Kunigonas’ widow, Mary Ann, as well as a number of other donations from the community, helped offset the cost of trophies, event t-shirts and food, said Gilroy.
Although the high school doesn’t offer an Economics class, the club’s members compete with students around the state who take AP Economics courses, Garvey pointed out.
“We lecture in micro, macro and international economics,” said Garvey. “Last year two of our regional winners went to the state (competition) and placed fourth and fifth in the state of Pennsylvania.”
“If you’re a federal reserve bank with $8 million in deposits, what is your legal reserve requirement?” asked Garvey, giving a sample of one of the fifteen questions he asks competitors.
“Zero,” he said, pointing out that as banks grow in deposits, so do the legal reserve requirements.
Club President Lily Amadio, a senior, said she’s not sure what she’ll major in when she attends college next year, but she’s sure it’ll be something in the business field.
She and the club’s roughly 23 members meet two evenings a month to prepare for competitions.
“It’s a good club,” Garvey added. “Because when out go out into the world, this gives you some business common sense.”