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The transition to a market economy system, changes in the life style, the impact of new technologies, strengthening marketing efforts of financial intermediaries, place an increasing pressure on the ability to make correct financial judgements and the decisions generally referred to as "financial literacy". However, the content of this term is not defined precisely, many research studies analysed this phenomena and confirmed relatively low levels both in adults and in the young generation and its dependence on many factors. The aim of our study is to find out if the level of financial literacy is affected by the studied field. We used a questionnaire-based research methodology. We asked about the solution of three model financial situations to compare two student groups. One group included students of a business academy and the second group included students of a secondary grammar school. Our results confirmed the slightly higher level of financial literacy of the students of the grammar school. The differences between these two groups of students did not confirm the impact of the field of study but turned our attention to other influencing factors.