FINANCIAL LITERACY OF UNIVERSITY STUDENTS IN THE AREA OF EXTERNAL FINANCING

The objective of this paper is to examine the level of financial literacy among full-time university students in terms of their knowledge of basic concepts related to the possibility to draw on external financial resources. The primary data presented here were collected through a survey (n = 446) conducted in 2017 among students at the Faculty of Physical Education and Sports, Charles University. The survey suggests that 64.35% of respondents know the difference between the terms debit card and credit card, but only 50.87% of them are able to define the difference correctly. As few as 29.60% of respondents know the acronym APR, of whom 84.09% can explain the term. The ability to explain the meaning of the term lease and loan was shown by 38.12% of respondents. Statistical analysis of the data indicated a demonstrable correlation between the level of study and the answers to the questions above.