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.
Advancement of technology have pushed us towards digitalization of almost everything, Even transactions are now a days have become digital. Therefore, slowly and steadily whole economy is moving towards paper less currency, which has its own share of pros and cons. In this essay, we will discuss both the advantages as well as disadvantages of e-currency.
Primarily, electronic transactions and plastic currency are more convenient and time saver, which are need of the hour. Since, we have access to the credit or debit cards, we don’t have to carry cash everywhere nor need to write a check which usually takes a couple of days to get clear. For instance, while going for the shopping, we don’t have to worry about carrying bulk of cash but, just swipe or tap our cards to pay which is very convenient. Moreover, digital transactions save our lot of time as well, by making it easy to shop from anywhere using our VISA or Master cards and paying within few minutes. I personally hate standing in long queues for the payment of utilities or in bank for withdrawing which were very time-consuming.
On the contrary, it has its own negative aspects, such as victim of cyber attack and hacking, over expenditure are few to count. People have very little knowledge of cyber security and often been trapped by hacker and end up losing money. To support the argument, a survey is been published according to which, almost 60 percent of people have reported cases of their money been stolen through their e-banking account. Furthermore, lucrative offers by the credit card issuing banks make people spend carelessly while shopping. The new article in a leading newspaper held a survey in Mumbai city, which clearly states that people’s monthly expenditure have gone up by 30% due to credit cards.
In conclude, instead of some adverse effects, the use of plastic money for making and receiving payments has become our necessity. It provides a plethora of advantages but we have to be careful while using it.
| Post date | Users | Rates | Link to Content |
|---|---|---|---|
| 2022-01-04 | Paralmani | 61 | view |
| 2021-03-23 | dhillonsukh | 89 | view |
| 2021-03-09 | Long Bui | 56 | view |
| 2020-11-12 | christy018 | 73 | view |
| 2020-07-17 | pushpak | 89 | view |
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Grammar and spelling errors:
Line 1, column 109, Rule ID: NOW_A_DAYS[1]
Message: Did you mean 'nowadays'?
Suggestion: nowadays
...lmost everything, Even transactions are now a days have become digital. Therefore, slowly ...
^^^^^^^^^^
Line 1, column 113, Rule ID: A_PLURAL[1]
Message: Don't use indefinite articles with plural words. Did you mean 'a day' or simply 'days'?
Suggestion: a day; days
...t everything, Even transactions are now a days have become digital. Therefore, slowly ...
^^^^^^
Line 1, column 318, Rule ID: BOTH_AS_WELL_AS[1]
Message: Probable usage error. Use 'and' after 'both'.
Suggestion: and
...ay, we will discuss both the advantages as well as disadvantages of e-currency. Primarily...
^^^^^^^^^^
Transition Words or Phrases used:
but, furthermore, moreover, so, therefore, well, while, for instance, such as, as well as, on the contrary
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 12.0 13.1623246493 91% => OK
Auxiliary verbs: 3.0 7.85571142285 38% => OK
Conjunction : 16.0 10.4138276553 154% => OK
Relative clauses : 8.0 7.30460921844 110% => OK
Pronoun: 21.0 24.0651302605 87% => OK
Preposition: 46.0 41.998997996 110% => OK
Nominalization: 5.0 8.3376753507 60% => More nominalizations (nouns with a suffix like: tion ment ence ance) wanted.
Performance on vocabulary words:
No of characters: 1677.0 1615.20841683 104% => OK
No of words: 338.0 315.596192385 107% => OK
Chars per words: 4.96153846154 5.12529762239 97% => OK
Fourth root words length: 4.28774723029 4.20363070211 102% => OK
Word Length SD: 2.71729899083 2.80592935109 97% => OK
Unique words: 208.0 176.041082164 118% => OK
Unique words percentage: 0.615384615385 0.561755894193 110% => OK
syllable_count: 531.0 506.74238477 105% => OK
avg_syllables_per_word: 1.6 1.60771543086 100% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 7.0 5.43587174349 129% => OK
Article: 3.0 2.52805611222 119% => OK
Subordination: 1.0 2.10420841683 48% => OK
Conjunction: 0.0 0.809619238477 0% => OK
Preposition: 7.0 4.76152304609 147% => OK
Performance on sentences:
How many sentences: 15.0 16.0721442886 93% => OK
Sentence length: 22.0 20.2975951904 108% => OK
Sentence length SD: 29.0452520503 49.4020404114 59% => The essay contains lots of sentences with the similar length. More sentence varieties wanted.
Chars per sentence: 111.8 106.682146367 105% => OK
Words per sentence: 22.5333333333 20.7667163134 109% => OK
Discourse Markers: 7.06666666667 7.06120827912 100% => OK
Paragraphs: 4.0 4.38176352705 91% => OK
Language errors: 3.0 5.01903807615 60% => OK
Sentences with positive sentiment : 7.0 8.67935871743 81% => OK
Sentences with negative sentiment : 6.0 3.9879759519 150% => OK
Sentences with neutral sentiment: 2.0 3.4128256513 59% => OK
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.121712379743 0.244688304435 50% => OK
Sentence topic coherence: 0.0433111450048 0.084324248473 51% => OK
Sentence topic coherence SD: 0.0404372122534 0.0667982634062 61% => OK
Paragraph topic coherence: 0.0725365181843 0.151304729494 48% => OK
Paragraph topic coherence SD: 0.0122107346327 0.056905535591 21% => Paragraphs are similar to each other. Some content may get duplicated or it is not exactly right on the topic.
Essay readability:
automated_readability_index: 13.2 13.0946893788 101% => OK
flesch_reading_ease: 49.15 50.2224549098 98% => OK
smog_index: 8.8 7.44779559118 118% => OK
flesch_kincaid_grade: 11.9 11.3001002004 105% => OK
coleman_liau_index: 11.78 12.4159519038 95% => OK
dale_chall_readability_score: 9.03 8.58950901804 105% => OK
difficult_words: 92.0 78.4519038076 117% => OK
linsear_write_formula: 12.0 9.78957915832 123% => OK
gunning_fog: 10.8 10.1190380762 107% => OK
text_standard: 12.0 10.7795591182 111% => OK
What are above readability scores?
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Rates: 89.8876404494 out of 100
Scores by essay e-grader: 8.0 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.