Trade and travel would be a lot easier with a single, global currency that we all use.
Do you agree or disagree with this statement? Would a single currency cause any problems?
With the use of one global currency, there will be many benefits in travelling and cross-border business. I agree with the statement that trade and travel would be a lot easier with the use of one global currency. However, there might be some problems. Let’s discuss the pros and cons.
When thinking of one currency, everyone points to the Euro. It is a common currency which is being used in multiple countries of Europe. European citizens and other tourists travelling to Europe don’t have to carry multiple currencies. Only one currency works in such countries and people don’t bother about the exchange rates as well. Similarly, global deals of business and trade will be straight forward as this will be without the fluctuation of forex rates. The conversion hassle and global acceptance of a currency would be reduced and some monopoly in trading would be reduced.
Although, the idea of global currency is very appealing but there might be some issues in its implementation at the global level. There are more than 200 countries and each has its own currency. No two currencies have the same exchange rate. During the crossborder deals, the forex difference plays a vital role. With the use of one single currency, countries having higher exchange rates with respect to other will be at receiving end and have to bear the deficit.
In the end, it is concluded that one global currency is beneficial for the general public. But there would be challenges in its implementation. Once the problems and issues are resolved, it would be a lot easier for the business community as well as for the travellers and tourists
| Post date | Users | Rates | Link to Content |
|---|---|---|---|
| 2019-03-09 | Saira Faiz | 61 | view |
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Grammar and spelling errors:
Line 4, column 76, Rule ID: GENERAL_XX[1]
Message: Use simply 'public'.
Suggestion: public
...e global currency is beneficial for the general public. But there would be challenges in its i...
^^^^^^^^^^^^^^
Transition Words or Phrases used:
but, however, if, similarly, so, well, as for, as well as, with respect to
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 19.0 13.1623246493 144% => OK
Auxiliary verbs: 11.0 7.85571142285 140% => OK
Conjunction : 14.0 10.4138276553 134% => OK
Relative clauses : 4.0 7.30460921844 55% => More relative clauses wanted.
Pronoun: 10.0 24.0651302605 42% => OK
Preposition: 31.0 41.998997996 74% => OK
Nominalization: 6.0 8.3376753507 72% => OK
Performance on vocabulary words:
No of characters: 1367.0 1615.20841683 85% => OK
No of words: 275.0 315.596192385 87% => More content wanted.
Chars per words: 4.97090909091 5.12529762239 97% => OK
Fourth root words length: 4.07223819929 4.20363070211 97% => OK
Word Length SD: 2.71096701359 2.80592935109 97% => OK
Unique words: 139.0 176.041082164 79% => More unique words wanted.
Unique words percentage: 0.505454545455 0.561755894193 90% => More unique words wanted or less content wanted.
syllable_count: 430.2 506.74238477 85% => OK
avg_syllables_per_word: 1.6 1.60771543086 100% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 4.0 5.43587174349 74% => OK
Article: 3.0 2.52805611222 119% => OK
Subordination: 1.0 2.10420841683 48% => OK
Conjunction: 1.0 0.809619238477 124% => OK
Preposition: 4.0 4.76152304609 84% => OK
Performance on sentences:
How many sentences: 18.0 16.0721442886 112% => OK
Sentence length: 15.0 20.2975951904 74% => The Avg. Sentence Length is relatively short.
Sentence length SD: 34.8290357087 49.4020404114 71% => OK
Chars per sentence: 75.9444444444 106.682146367 71% => OK
Words per sentence: 15.2777777778 20.7667163134 74% => OK
Discourse Markers: 4.11111111111 7.06120827912 58% => More transition words/phrases wanted.
Paragraphs: 4.0 4.38176352705 91% => OK
Language errors: 1.0 5.01903807615 20% => OK
Sentences with positive sentiment : 9.0 8.67935871743 104% => OK
Sentences with negative sentiment : 3.0 3.9879759519 75% => OK
Sentences with neutral sentiment: 6.0 3.4128256513 176% => OK
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.375972137004 0.244688304435 154% => OK
Sentence topic coherence: 0.11730448868 0.084324248473 139% => OK
Sentence topic coherence SD: 0.122874187169 0.0667982634062 184% => OK
Paragraph topic coherence: 0.245353078036 0.151304729494 162% => OK
Paragraph topic coherence SD: 0.0711227654181 0.056905535591 125% => OK
Essay readability:
automated_readability_index: 9.6 13.0946893788 73% => Automated_readability_index is low.
flesch_reading_ease: 56.25 50.2224549098 112% => OK
smog_index: 3.1 7.44779559118 42% => Smog_index is low.
flesch_kincaid_grade: 9.1 11.3001002004 81% => OK
coleman_liau_index: 10.95 12.4159519038 88% => OK
dale_chall_readability_score: 8.0 8.58950901804 93% => OK
difficult_words: 63.0 78.4519038076 80% => More difficult words wanted.
linsear_write_formula: 5.0 9.78957915832 51% => Linsear_write_formula is low.
gunning_fog: 8.0 10.1190380762 79% => OK
text_standard: 10.0 10.7795591182 93% => OK
What are above readability scores?
---------------------
Rates: 61.797752809 out of 100
Scores by essay e-grader: 5.5 Out of 9
---------------------
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.