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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?

#trade #travel #currency
In recent times, there are a lot of arguments in favour of creating a single
currency
 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
 can help to achieve not only economical equality, but
also
 the long and costly process of money exchange.
To begin
 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
 age of globalization and the internet, worldwide
business
 and voyaging is quite popular and to do so, everyone has to convert their local
currency
 to that
country
's
currency
 in which they are willing to travel or set up a
business
. Most of the times,
this
 is quite a complicated process.
Moreover
, that host
country
 often charges a good amount of interest for their own profit, which can sometimes make
this
 whole process very costly. Moving on to the
next
 point, by making a single
currency
 throughout the world, economic stabilization can be achieved and that can help to boost every
country
's economy.
For example
, if the
currency
 between the
country
 A and B is same,
then
 they try to decrease the economic gap between them by improving
business
 and industrial structures.
Moreover
, single
currency
 can help to strengthen one
country
's GDP.
Furthermore
,
this
 can support small
business
 owners to export their goods easily without providing extra charges for
currency
 conversion and consumers can
also
 be benefited from it. To conclude, single
currency
 can help to boost international trading and travelling by reducing
this
 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
 as a real agenda and make progress to make
this
 reality.
Submitted by arkosingh on

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Fully explain your ideas

To get an excellent score in the IELTS Task 2 writing section, one of the easiest and most effective tips is structuring your writing in the most solid format. A great argument essay structure may be divided to four paragraphs, in which comprises of four sentences (excluding the conclusion paragraph, which comprises of three sentences).

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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