Nowadays plastic money replacements such as credit and debit cards are extremely popular, even more than banknotes and coins.
Discuss the advantages and disadvantages of this.
It is true that, most of the countries are adopting electronic transactions, which helps government to keep track on illegal payments. Although most of them are encouraging plastic money but some people prefer carrying cash. In this essay, we will discuss the pros and cons with regards to the popularity of plastic money over the bank notes.
Firstly, carrying the transactions through digitally is much more convenient. For example, utility invoice can be paid within few minutes at his/her convenient than standing in queue for longer time and settling bills by cash. In Asian countries, some company provides cash back offers to the customers, who use their service for making online transactions, so that more and more people could avail the service. Secondly, magnificent advantage of using credit card is, Bank approves certain credit limit to the customers and those who are using credit card, can repay the amount, if used, after the statement is generated. Lastly, carrying hard cash in bulk could be an invitation to the thefts.
On the contrary, Using plastic money could be useful, but still in some places, the digitalization has not been seen. There are some vendors, who prefer doing business by using hard cash over to the online transactions. For availing the online transaction service, people have to pay certain amount of fees to the government, which could be a loss of money to small businessman. Doing online transactions might be a convenient way but there are some cases which have been observed recently, which could make the people bankrupt just by using the card number and CVV number imprinted on the card.
To sum up, “Each coin has its two sides”. There is an increase in popularity for plastic money over the banknotes and coins but till today, some people prefer doing the transactions through cash due to security reasons.
Transition Words or Phrases used:
but, first, firstly, if, lastly, second, secondly, so, still, for example, it is true, on the contrary, to sum up
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 17.0 13.1623246493 129% => OK
Auxiliary verbs: 9.0 7.85571142285 115% => OK
Conjunction : 10.0 10.4138276553 96% => OK
Relative clauses : 9.0 7.30460921844 123% => OK
Pronoun: 11.0 24.0651302605 46% => OK
Preposition: 39.0 41.998997996 93% => OK
Nominalization: 6.0 8.3376753507 72% => OK
Performance on vocabulary words:
No of characters: 1571.0 1615.20841683 97% => OK
No of words: 308.0 315.596192385 98% => OK
Chars per words: 5.10064935065 5.12529762239 100% => OK
Fourth root words length: 4.18926351222 4.20363070211 100% => OK
Word Length SD: 2.658032233 2.80592935109 95% => OK
Unique words: 173.0 176.041082164 98% => OK
Unique words percentage: 0.561688311688 0.561755894193 100% => OK
syllable_count: 471.6 506.74238477 93% => OK
avg_syllables_per_word: 1.5 1.60771543086 93% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 2.0 5.43587174349 37% => OK
Article: 1.0 2.52805611222 40% => OK
Subordination: 4.0 2.10420841683 190% => OK
Conjunction: 1.0 0.809619238477 124% => OK
Preposition: 5.0 4.76152304609 105% => OK
Performance on sentences:
How many sentences: 14.0 16.0721442886 87% => OK
Sentence length: 22.0 20.2975951904 108% => OK
Sentence length SD: 50.17850788 49.4020404114 102% => OK
Chars per sentence: 112.214285714 106.682146367 105% => OK
Words per sentence: 22.0 20.7667163134 106% => OK
Discourse Markers: 8.07142857143 7.06120827912 114% => OK
Paragraphs: 4.0 4.38176352705 91% => OK
Language errors: 0.0 5.01903807615 0% => OK
Sentences with positive sentiment : 6.0 8.67935871743 69% => OK
Sentences with negative sentiment : 4.0 3.9879759519 100% => OK
Sentences with neutral sentiment: 4.0 3.4128256513 117% => OK
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.155871915065 0.244688304435 64% => OK
Sentence topic coherence: 0.0538492645987 0.084324248473 64% => OK
Sentence topic coherence SD: 0.0530591253564 0.0667982634062 79% => OK
Paragraph topic coherence: 0.0981736119747 0.151304729494 65% => OK
Paragraph topic coherence SD: 0.0303371131933 0.056905535591 53% => OK
Essay readability:
automated_readability_index: 13.6 13.0946893788 104% => OK
flesch_reading_ease: 57.61 50.2224549098 115% => OK
smog_index: 3.1 7.44779559118 42% => Smog_index is low.
flesch_kincaid_grade: 10.7 11.3001002004 95% => OK
coleman_liau_index: 12.3 12.4159519038 99% => OK
dale_chall_readability_score: 8.62 8.58950901804 100% => OK
difficult_words: 76.0 78.4519038076 97% => OK
linsear_write_formula: 8.0 9.78957915832 82% => OK
gunning_fog: 10.8 10.1190380762 107% => OK
text_standard: 11.0 10.7795591182 102% => OK
What are above readability scores?
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Rates: 78.6516853933 out of 100
Scores by essay e-grader: 7.0 Out of 9
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Note: the e-grader does NOT examine the meaning of words and ideas. VIP users will receive further evaluations by advanced module of e-grader and human graders.