Abstrakt
The goal of this paper is to evaluate the level of financial literacy possessed by students in relation to their knowledge of terminology and attitudes. The primary data were acquired through quantitative research survey (n = 585).
The respondents were students at selected faculties of two universities. These faculties' specializations always differed: at every university a faculty focused on economy and a faculty focused on agriculture were picked.
The results show that only 54.5% (320) of the respondents were able to correctly characterize the term inflation. Only 29.2% (171) of the respondents knew the real difference between the terms leasing and credit.
Barely a quarter of the respondents (24.8%, 145) were able to correctly define the term APR. A statistical analysis of the data only showed a provable dependency between the respondent saving some of their income for unpredictable situations and the respondent's field of study.
