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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 3 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.Which way to pay takes money straight out of your bank account?
  • A.A credit card
  • B.A debit card
  • C.Cash
3.Why is it risky to share your card number or PIN?
  • A.It makes the card cost more
  • B.The card would stop working in stores
  • C.Someone else could use it to spend your money
4.Which can help a person build a good credit history when the bills are paid on time?
  • A.Cash
  • B.A debit card
  • C.A credit card
5.Which way to pay works almost everywhere, even for someone with no bank account?
  • A.A check
  • B.A debit card
  • C.Cash
6.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
7.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
8.Which way to pay means borrowing money that you must pay back later?
  • A.A credit card
  • B.Cash
  • C.A debit card

LessonPrint · D2.Eco.5.3-5 · Set 3 · free to copy for classroom use

Answer key — Cash, Check, Debit or Credit?

Set 3. Prints on its own sheet.

  1. 1.If it is lost or stolen, it is usually gone for good
  2. 2.A debit card
  3. 3.Someone else could use it to spend your money
  4. 4.A credit card
  5. 5.Cash
  6. 6.Money sent from one account to another online or by phone
  7. 7.Tell your bank right away so it can stop the card
  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.