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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 25 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 check can bounce, and the bank may charge a fee
  • B.The bank adds free money to your account
  • C.Nothing at all happens
2.What is an electronic payment?
  • A.Coins dropped into a machine
  • B.A check written in pencil
  • C.Money sent from one account to another online or by phone
3.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
4.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
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.Which way to pay works almost everywhere, even for someone with no bank account?
  • A.A debit card
  • B.A check
  • C.Cash
7.Why is it risky to share your card number or PIN?
  • A.It makes the card cost more
  • B.Someone else could use it to spend your money
  • C.The card would stop working in stores
8.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

LessonPrint · D2.Eco.5.3-5 · Set 25 · free to copy for classroom use

Answer key — Cash, Check, Debit or Credit?

Set 25. 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.Your bank keeps a record of each purchase
  4. 4.If it is lost or stolen, it is usually gone for good
  5. 5.A credit card
  6. 6.Cash
  7. 7.Someone else could use it to spend your money
  8. 8.A credit card

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