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Cash, Check, Debit or Credit? is a free printable Grade 3 to Grade 5 social studies worksheet on the advantages and disadvantages of ways to pay, aligned to C3 Framework indicator D2.Eco.5.3-5. It prints 8 questions with an answer key on its own sheet of paper, in 25 versions that each ask different questions, so no two students in the class work from the same page. Print it from the browser or download it as a PDF — no account, no email.

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Set 1 has all 25 in a single PDF. All 25 sets ask different questions.

Cash, Check, Debit or Credit?

D2.Eco.5.3-5

NameDate

Circle the best answer.

1.Which can help a person build a good credit history when the bills are paid on time?
  • A.A debit card
  • B.Cash
  • C.A credit card
2.What should you do if your debit card is lost?
  • A.Wait a month and see if it turns up
  • B.Tell your bank right away so it can stop the card
  • C.Tell only your friends
3.What happens if you do not pay your credit card bill in full?
  • A.You are charged interest on what you still owe
  • B.The bank forgets the bill
  • C.The store refunds your money
4.Which way to pay works almost everywhere, even for someone with no bank account?
  • A.Cash
  • B.A check
  • C.A debit card
5.Which way to pay takes money straight out of your bank account?
  • A.A debit card
  • B.Cash
  • C.A credit card
6.What is one advantage of paying with a debit card instead of cash?
  • A.Your bank keeps a record of each purchase
  • B.The store pays for you
  • C.You never need money in your account
7.What is one disadvantage of carrying a lot of cash?
  • A.If it is lost or stolen, it is usually gone for good
  • B.Stores never accept cash
  • C.Cash charges interest every month
8.Why might a store refuse a check from a stranger?
  • A.It cannot be sure the account has enough money
  • B.Checks are against the law
  • C.Checks can only be used at banks

LessonPrint · D2.Eco.5.3-5 · Set 10 · free to copy for classroom use

Answer key — Cash, Check, Debit or Credit?

Set 10. Prints on its own sheet.

  1. 1.A credit card
  2. 2.Tell your bank right away so it can stop the card
  3. 3.You are charged interest on what you still owe
  4. 4.Cash
  5. 5.A debit card
  6. 6.Your bank keeps a record of each purchase
  7. 7.If it is lost or stolen, it is usually gone for good
  8. 8.It cannot be sure the account has enough money

Last reviewed 2026-09-05. Aligned to D2.Eco.5.3-5 of the C3 Framework for Social Studies State Standards.