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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 23 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.Cash charges interest every month
  • B.Stores never accept cash
  • C.If it is lost or stolen, it is usually gone for good
2.What happens if you do not pay your credit card bill in full?
  • A.The bank forgets the bill
  • B.You are charged interest on what you still owe
  • C.The store refunds your money
3.Which way to pay works almost everywhere, even for someone with no bank account?
  • A.A check
  • B.Cash
  • C.A debit card
4.Why might a store refuse a check from a stranger?
  • A.Checks can only be used at banks
  • B.It cannot be sure the account has enough money
  • C.Checks are against the law
5.What is one advantage of paying with a debit card instead of cash?
  • A.The store pays for you
  • B.Your bank keeps a record of each purchase
  • C.You never need money in your account
6.Which can help a person build a good credit history when the bills are paid on time?
  • A.Cash
  • B.A credit card
  • C.A debit card
7.Which way to pay takes money straight out of your bank account?
  • A.A debit card
  • B.Cash
  • C.A credit card
8.Why is it risky to share your card number or PIN?
  • A.Someone else could use it to spend your money
  • B.The card would stop working in stores
  • C.It makes the card cost more

LessonPrint · D2.Eco.5.3-5 · Set 23 · free to copy for classroom use

Answer key — Cash, Check, Debit or Credit?

Set 23. Prints on its own sheet.

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

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