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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.

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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 means borrowing money that you must pay back later?
  • A.Cash
  • B.A credit card
  • C.A debit card
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 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
5.Why is it risky to share your card number or PIN?
  • A.The card would stop working in stores
  • B.It makes the card cost more
  • C.Someone else could use it to spend your money
6.Which way to pay takes money straight out of your bank account?
  • A.A debit card
  • B.A credit card
  • C.Cash
7.Which can help a person build a good credit history when the bills are paid on time?
  • A.A debit card
  • B.Cash
  • C.A credit card
8.What happens if you do not pay your credit card bill in full?
  • A.You are charged interest on what you still owe
  • B.The store refunds your money
  • C.The bank forgets the bill

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

Answer key — Cash, Check, Debit or Credit?

Set 5. Prints on its own sheet.

  1. 1.If it is lost or stolen, it is usually gone for good
  2. 2.A credit card
  3. 3.Your bank keeps a record of each purchase
  4. 4.Money sent from one account to another online or by phone
  5. 5.Someone else could use it to spend your money
  6. 6.A debit card
  7. 7.A credit card
  8. 8.You are charged interest on what you still owe

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