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 1 of 25 · the same problems every time you open this link.
1.Which way to pay takes money straight out of your bank account?
A.Cash
B.A credit card
C.A debit card
2.What can happen if you write a check for more money than is in your account?
A.The bank adds free money to your account
B.The check can bounce, and the bank may charge a fee
C.Nothing at all happens
3.What is one disadvantage of carrying a lot of cash?
A.Stores never accept cash
B.Cash charges interest every month
C.If it is lost or stolen, it is usually gone for good
4.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
5.What is a check?
A.A coupon that makes things free
B.A written order telling your bank to pay someone from your account
C.A card that borrows money
6.Which way to pay means borrowing money that you must pay back later?
A.Cash
B.A credit card
C.A debit card
7.Which can help a person build a good credit history when the bills are paid on time?
A.A credit card
B.A debit card
C.Cash
8.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
LessonPrint · D2.Eco.5.3-5 · Set 1 · free to copy for classroom use
Answer key — Cash, Check, Debit or Credit?
Set 1. Prints on its own sheet.
1.A debit card
2.The check can bounce, and the bank may charge a fee
3.If it is lost or stolen, it is usually gone for good
4.You are charged interest on what you still owe
5.A written order telling your bank to pay someone from your account
6.A credit card
7.A credit card
8.Your bank keeps a record of each purchase
Questions about Cash, Check, Debit or Credit?
What does the Cash, Check, Debit or Credit? worksheet cover?
It practices the advantages and disadvantages of ways to pay — 8 questions for Grade 3 to Grade 5, all on C3 Framework D2.Eco.5.3-5: Explain what money does that swapping goods cannot. The instruction to students is “Circle the best answer”, and the answer key follows on the next sheet.
Which C3 Framework indicator does Cash, Check, Debit or Credit? practice?
D2.Eco.5.3-5, under Economics for Grade 3 to Grade 5. The published indicator reads: “Explain the role of money in making exchange easier.” The worksheet assesses that indicator rather than a paraphrase of it.
What age or grade is this worksheet for?
Cash, Check, Debit or Credit? is written for Grade 3 to Grade 5, typically ages 40-41. It is one of the sheets on D2.Eco.5.3-5, so it suits any student working at that standard — including older students revisiting it and younger ones working ahead.
Does Cash, Check, Debit or Credit? come with an answer key?
Yes. All 8 answers are generated from the same problems as the questions, so the key cannot drift out of step with the sheet. It starts on a fresh sheet of paper, after the questions, so it is not handed out with the class by accident.
How many different versions of Cash, Check, Debit or Credit? can I print?
25 — one per student, and all 25 ask different questions. Set 1 downloads the whole class as a single PDF. Every version is fixed to its own address, so a sheet printed today holds the same problems when you reopen it next week.
Is Cash, Check, Debit or Credit? free to print and photocopy?
Yes. Cash, Check, Debit or Credit?, its answer key and its 25 versions are free to print and photocopy for your own class, with no account, no email capture and no subscription at the download step. Please do not resell them or republish them as your own.
More practice for D2.Eco.5.3-5
Explain what money does that swapping goods cannot.