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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 6 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.Which way to pay takes money straight out of your bank account?
  • A.Cash
  • B.A credit card
  • C.A debit card
2.Which way to pay works almost everywhere, even for someone with no bank account?
  • A.A check
  • B.A debit card
  • C.Cash
3.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
4.What should you do if your debit card is lost?
  • A.Tell only your friends
  • B.Tell your bank right away so it can stop the card
  • C.Wait a month and see if it turns up
5.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
6.Why might a store refuse a check from a stranger?
  • A.Checks are against the law
  • B.Checks can only be used at banks
  • C.It cannot be sure the account has enough money
7.What happens if you do not pay your credit card bill in full?
  • A.The bank forgets the bill
  • B.The store refunds your money
  • C.You are charged interest on what you still owe
8.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

LessonPrint · D2.Eco.5.3-5 · Set 6 · free to copy for classroom use

Answer key — Cash, Check, Debit or Credit?

Set 6. Prints on its own sheet.

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

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