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?

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

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

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 Sun Jul 26 2020

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Fully explain your ideas

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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

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8Linking words
meeting the goal of 7 or more
3Word repetition
meeting the goal of 3 or fewer
0Grammar mistakes
 

4 paragraphs

337 words

0123456789.0505

Overall Band Score

Coherence and Cohesion: 6.0

Logical structure

Introduction & conclusion present

Supported main points

Accurate linking words

Variety in linking words

Lexical resource: 6.0

Varied vocabulary

Accurate spelling & word formation

Grammatical Range: 9.0

Mix of complex & simple sentences

Clear and correct grammar

Task Achievement: 6.0

Complete response

6.5

Clear & comprehensive ideas

Relevant & specific examples

Appropriate word count

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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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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?

Fully explain your ideas

Essentional vocabulary list for IELTS Writing 7+

In many countries, more and more people choose to buy imported food rather than food produced locally. Why people buy imported food? what could be done to encourage people to buy local food.

ore and more wild animals are on the verge of extinction and others are on the endangered list. What are the reasons for this? What can be done to solve this problem?

Some believe that more young people hold the important positions in government, while others believe that the young people should not. Discuss both views and provide your own opinion with relevant examples.

The most effective way to solve the current traffic and pollution problem in cities is to encourage people to move from suburbs and countryside into the city centre. To what extent do you agree or disagree?

In the future all cars, buses and trucks will be driverless. The only people travelling inside these vehicles will be passengers. Do you think the advantages of driverless vehicles outwigh the disadvantages?