Abstract

Financial literacy of students of the Slovak University of Agriculture in Nitra

Highlights

  • The quality of higher education and the increasing competitiveness of universities are subject to continuous updating of the academic content as a result of interaction with the requirements for university graduates in the labour market [8].Financial education is an important type of education

  • Survey subject was to determine the financial literacy of students in Faculty of Economics and Management (FEM) SPU in Nitra at the beginning of winter term before the graduation of subject “Basics of insurance mathematics”

  • The students of bachelor study which should graduate from the subject “Basics of insurance mathematics” were addressed by the questionnaire consisting of 13 closed questions and one open question

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Summary

Introduction

The quality of higher education and the increasing competitiveness of universities are subject to continuous updating of the academic content as a result of interaction with the requirements for university graduates in the labour market [8].Financial education is an important type of education. People come into contact and deal with the world of finance on a daily basis. Financial education is becoming a key aspect in decision making on all the issues related to our day-to-day life. Products offered in a variety of forms or financial behavior itself both reflects the financial literacy of each of us [9]. A key element in people’s decision making in all areas of their lives is financial literacy. Ability to understand financial products which normally people come into a contact is a reflection of financial literacy of everyone. General problem of society is inadequate level of financial literacy, it is appropriate to search this issue in depth [12]

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