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?

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In recent times, there are a lot of arguments in favour of creating a single
currency
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worldwide to make a monetary transaction easier and simpler. Some would say that it will help to lose the red tape for trading and travelling. According to my opinion, I support the idea of the proponents as
this
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can help to achieve not only economical equality, but
also
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the long and costly process of money exchange.
To begin
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with, for international travelling and trading, money exchange is quite a troublesome procedure because to do it, someone often needs to spend a lot of time and quite a good amount of extra cash as an interest. To elaborate, in
this
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age of globalization and the internet, worldwide
business
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and voyaging is quite popular and to do so, everyone has to convert their local
currency
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to that
country
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's
currency
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in which they are willing to travel or set up a
business
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. Most of the times,
this
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is quite a complicated process.
Moreover
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, that host
country
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often charges a good amount of interest for their own profit, which can sometimes make
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whole process very costly. Moving on to the
next
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point, by making a single
currency
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throughout the world, economic stabilization can be achieved and that can help to boost every
country
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's economy.
For example
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, if the
currency
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between the
country
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A and B is same,
then
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they try to decrease the economic gap between them by improving
business
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and industrial structures.
Moreover
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, single
currency
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can help to strengthen one
country
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's GDP.
Furthermore
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,
this
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can support small
business
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owners to export their goods easily without providing extra charges for
currency
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conversion and consumers can
also
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be benefited from it. To conclude, single
currency
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can help to boost international trading and travelling by reducing
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cost. There may be some negative impacts, but those are negligible in front of Pros' of it. I would suggest that, government of all countries should consider
this
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as a real agenda and make progress to make
this
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reality.
Submitted by arkosingh on

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For we to consider an essay structure a great one, it should be looking like this:

  • Paragraph 1 - Introduction
    • Sentence 1 - Background statement
    • Sentence 2 - Detailed background statement
    • Sentence 3 - Thesis
    • Sentence 4 - Outline sentence
  • Paragraph 2 - First supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 3 - Second supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 4 - Conclusion
    • Sentence 1 - Summary
    • Sentence 2 - Restatement of thesis
    • Sentence 3 - Prediction or recommendation

Our recommended essay structure above comprises of fifteen (15) sentences, which will make your essay approximately 250 to 275 words.

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Topic Vocabulary:
  • global currency
  • economic interdependence
  • financial autonomy
  • exchange rate
  • monetary policy
  • economic instability
  • international cooperation
  • economic disparity
  • global transactions
  • implementation challenges
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