Answer:
What word of five letters has only one left when two letters are removed?
Most people need it, some ask for it, some give it, but almost nobody takes it. What is it?
What has holes on each side, but can still can hold water?
Split me in half, and you get me and another me. What word am I?
What goes up but never goes down?
What is the middle of water but is not an island?