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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.

Set 13 of 25 · the same problems every time you open this link.

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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.What can happen if you write a check for more money than is in your account?
  • A.The bank adds free money to your account
  • B.The check can bounce, and the bank may charge a fee
  • C.Nothing at all happens
2.What is an electronic payment?
  • A.A check written in pencil
  • B.Money sent from one account to another online or by phone
  • C.Coins dropped into a machine
3.Which way to pay works almost everywhere, even for someone with no bank account?
  • A.A debit card
  • B.A check
  • C.Cash
4.What happens if you do not pay your credit card bill in full?
  • A.The bank forgets the bill
  • B.The store refunds your money
  • C.You are charged interest on what you still owe
5.Which way to pay takes money straight out of your bank account?
  • A.A debit card
  • B.Cash
  • C.A credit card
6.Which way to pay means borrowing money that you must pay back later?
  • A.Cash
  • B.A credit card
  • C.A debit card
7.What is one advantage of paying with a debit card instead of cash?
  • A.You never need money in your account
  • B.The store pays for you
  • C.Your bank keeps a record of each purchase
8.What should you do if your debit card is lost?
  • A.Tell your bank right away so it can stop the card
  • B.Wait a month and see if it turns up
  • C.Tell only your friends

LessonPrint · D2.Eco.5.3-5 · Set 13 · free to copy for classroom use

Answer key — Cash, Check, Debit or Credit?

Set 13. Prints on its own sheet.

  1. 1.The check can bounce, and the bank may charge a fee
  2. 2.Money sent from one account to another online or by phone
  3. 3.Cash
  4. 4.You are charged interest on what you still owe
  5. 5.A debit card
  6. 6.A credit card
  7. 7.Your bank keeps a record of each purchase
  8. 8.Tell your bank right away so it can stop the card

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