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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It is clear to me that the idea of a single global
currency
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is an excellent
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idea
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ideal
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idea
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to work towards. There can be no doubt that trade and travel would be vastly easier.
On the other
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hand
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I believe that it would cause
problems
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today. The benefits of a single
currency
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can be seen with the use in Europe of
the
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apply
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Euro. Whenever you are travelling between
countries
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using the Euro, the
problems
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of
currency
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changing and exchange rates are history.
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Similarly
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business between
countries
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using the Euros is so much easier; no more worrying about exchange rate risk and pricing. Everyone‛s money is the same. The same thing is true with the US dollar. Most
countries
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do not use the US dollar but it is accepted in many places. There are many
countries
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that you can travel to and just take US dollars to use. At
present
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,present
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though a global
currency
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would be impossible.
Firstly
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most
countries
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would not accept the idea.
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Secondly
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,Secondly
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all
countries
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are in different economic states. Some are economically very strong and some are in a state of collapse with inflation ruining the economy.
Such
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countries
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could not be brought into a world
currency
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as it would cause massive financial instability worldwide. So it is clear that a global
currency
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would indeed cause some serious
problems
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. So, in
conclusion
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,conclusion
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I see a global
currency
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as a future ideal but it will not happen in my lifetime. It would make
trade
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a trade
the trade
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and travel much easier but the
problems
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it would cause nowadays would be insurmountable.
Submitted by ieltsspeaking760 on

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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

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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