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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 20 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 an electronic payment?
  • A.Coins dropped into a machine
  • B.Money sent from one account to another online or by phone
  • C.A check written in pencil
2.Which way to pay works almost everywhere, even for someone with no bank account?
  • A.A debit card
  • B.Cash
  • C.A check
3.Which way to pay takes money straight out of your bank account?
  • A.A debit card
  • B.Cash
  • C.A credit card
4.What is a check?
  • A.A card that borrows money
  • B.A written order telling your bank to pay someone from your account
  • C.A coupon that makes things free
5.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
6.Which can help a person build a good credit history when the bills are paid on time?
  • A.A debit card
  • B.A credit card
  • C.Cash
7.Why might a store refuse a check from a stranger?
  • A.Checks are against the law
  • B.It cannot be sure the account has enough money
  • C.Checks can only be used at banks
8.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

LessonPrint · D2.Eco.5.3-5 · Set 20 · free to copy for classroom use

Answer key — Cash, Check, Debit or Credit?

Set 20. Prints on its own sheet.

  1. 1.Money sent from one account to another online or by phone
  2. 2.Cash
  3. 3.A debit card
  4. 4.A written order telling your bank to pay someone from your account
  5. 5.If it is lost or stolen, it is usually gone for good
  6. 6.A credit card
  7. 7.It cannot be sure the account has enough money
  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.