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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 17 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 is one disadvantage of carrying a lot of cash?
  • A.If it is lost or stolen, it is usually gone for good
  • B.Cash charges interest every month
  • C.Stores never accept cash
2.What is an electronic payment?
  • A.A check written in pencil
  • B.Coins dropped into a machine
  • C.Money sent from one account to another online or by phone
3.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
4.What should you do if your debit card is lost?
  • A.Tell your bank right away so it can stop the card
  • B.Tell only your friends
  • C.Wait a month and see if it turns up
5.Which way to pay means borrowing money that you must pay back later?
  • A.Cash
  • B.A credit card
  • C.A debit card
6.What is a check?
  • A.A written order telling your bank to pay someone from your account
  • B.A coupon that makes things free
  • C.A card that borrows money
7.What is one advantage of paying with a debit card instead of cash?
  • A.Your bank keeps a record of each purchase
  • B.You never need money in your account
  • C.The store pays for you
8.Which way to pay works almost everywhere, even for someone with no bank account?
  • A.A debit card
  • B.Cash
  • C.A check

LessonPrint · D2.Eco.5.3-5 · Set 17 · free to copy for classroom use

Answer key — Cash, Check, Debit or Credit?

Set 17. Prints on its own sheet.

  1. 1.If it is lost or stolen, it is usually gone for good
  2. 2.Money sent from one account to another online or by phone
  3. 3.You are charged interest on what you still owe
  4. 4.Tell your bank right away so it can stop the card
  5. 5.A credit card
  6. 6.A written order telling your bank to pay someone from your account
  7. 7.Your bank keeps a record of each purchase
  8. 8.Cash

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