Josef Polák – College of Regional Development and Banking Institute – AMBIS, Department of Economics and Management,
Lindnerova 575/1, 180 00 Praha 8, Czech Republic

Zuzana Kozubíková – University of Žilina, Faculty of Managements and Informatics, Dpt. of Macro and Microeconomics, Univerzitná
8215/1, 010 26 Žilina, Slovakia

Aleš Kozubík – University of Žilina, Faculty of Managements and Informatics, Dpt. of Mathematical Methods and Operations
Research, Univerzitná 8215/1, 010 26 Žilina, Slovakia




 6th International Conference – ERAZ 2020 – KNOWLEDGE BASED SUSTAINABLE DEVELOPMENT,  Online/virtual, May 21, 2020, SELECTED PAPERS

 Published by: Association of Economists and Managers of the Balkans – Belgrade, Serbia

Conference partners: Faculty of Economics and Business, Mediterranean University, Montenegro; University of National and World Economy – Sofia, Bulgaria; Faculty of Commercial and Business Studies – Celje, Slovenia; Faculty of Applied Management, Economics and Finance – Belgrade, Serbia

 ISBN 978-86-80194-34-9, ISSN 2683-5568, DOI:



 Financial literacy belongs to the most important competences of all members of the modern
21-st century society. The authors present results of the research based on the personal finance index
that is recently developed an innovative measure of knowledge. The questionnaire research that has
been conducted among the students of two universities in the Czech and Slovak republic. It focused
on full-time and part-time students with the aim to verify the suggestion that practical experience of
distance learning students has a significant impact on the level of their financial literacy. Statistical
analysis of the data shows, that part-time students have achieved better results in all functional areas of
the personal finance index. Based on these findings authors also drew some conclusions for improving
education in this field.

 Key words

Financial education, Financial management, Financial decision making, Statistical methods,
Questionnaire survey.


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