Q: Can you have two psswords for an Itunes account?
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May 2, 2012 9:05 AMby King_Penguin,HelpfulNo, you can only have one password on your account which applies to all free and paid for content. Depending on their ages you could consider setting up separate accounts for them with, possibly with an allowance (http://support.apple.com/kb/HT2736#3)
Creating an account without a credit card : http://support.apple.com/kb/HT2534
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May 2, 2012 9:05 AMby Demo,HelpfulYou cannot have two passwords for one Apple ID. If you set up restrictions - I believe that you can require a password for in app purchases. You can simply restrict app purchases as well with restrictions but that would restrict the downloading of free apps as well.
Settings>General>Restrictions.
See this article.
IOS: Understanding Restrictions
