Grade 2 · Social Studies · Economics

2nd Grade Trade and Ways to Pay worksheets

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Trade and Ways to Pay

Grade 2 Social Studies Worksheet - Challenge Me

NameDate

Circle the best answer.

1.
A tip is money you give to ____.
- thank someone for good service
- borrow from a bank
- pay for the whole meal
2.
Which is paper money?
- a nickel
- a dollar bill
- a dime
3.
A loan means you ____.
- save money in a jar
- borrow money and pay it back
- earn money by working
4.
Before there was money, people used ____.
- trading
- credit cards
- checks
5.
A card that pays for things later, and the bill comes in the mail, is a ____.
- credit card
- library card
- debit card
6.
Which is a coin?
- a credit card
- a quarter
- a dollar bill

2nd Grade Trade and Ways to Pay worksheet 1 – printable PDF — Download PDF: 1 2 3 4 5 6

About this worksheet

Long ago, people got what they needed by trading: one person gave something they had for something they wanted. Money made trading easier. In the United States, money comes as coins, such as the penny, nickel, dime and quarter, and as paper bills, such as the one-dollar bill. People can also pay with a check, which tells a bank to pay money, or with a credit card or a debit card.

A receipt shows what was paid, and change is money given back when someone pays more than the price. A bank keeps money safe, and a loan is money that someone borrows and pays back. This worksheet gives six questions about trading and ways to pay. Ask your child to count the coins in a pocket or jar and say which ways of paying your family uses.

What your child will learn

Tell trading from buying
Name coins, bills, checks and cards
Say what a receipt, change and a bank are

C3 Framework standard: D2.Eco.K-2

Worked example

Two kids swap a sandwich and an apple. Nobody pays money, so this is a trade.

Common mistake

Thinking a card is free money, when it is a way to pay that must be paid back or taken from an account.

Helpful hint

Picture paying at a store. What do you hand over, and what do you get back?

Next skill: Needs, Wants, and Choices Earlier: Producers and Consumers

Questions parents ask

What is the most common mistake with trade and ways to pay?

Thinking a card is free money, when it is a way to pay that must be paid back or taken from an account.

How can I help my child with trade and ways to pay?

Picture paying at a store. What do you hand over, and what do you get back?

Are these 2nd grade social studies worksheets free to print?

Yes. All 6 printable versions on this page are free to download and print, with no account needed.

More 2nd grade economics

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