New forms of money are becoming extremely popular nowadays. Is this a positive development or adding risk to the system? Should new money technology face greater regulation and security? Give reasons for your answer and include any relevant examples from your own knowledge or experience.

#forms #money #development #risk #system #technology #face #regulation #security

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Over the

last

Linking Words

few years, the number of who prefer to

Verb problem

take

show examples

advantages

Fix the agreement mistake

advantage

show examples

of new forms of

money

Use synonyms

has

increasing

Change the verb form

increased

show examples

significantly.

Althoug

Correct your spelling

Although

there are several advantages of

the

Correct article usage

apply

show examples

mentioning the rise of cryptocurrencies and digital payment platforms, it can have some disadvantages as well. In

this

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essay

Add a comma

essay,

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I will try to discuss both positive and negative side of

this

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and draw a conclusion. On the one hand, there are several benefits of it has convenience,

reduced

Correct word choice

and reduced

show examples

transaction costs. The first merit of

this

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it is considered to be

that

Correct word choice

apply

show examples

increased access to financial services.

For instance

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, it

has

Verb problem

show examples

comfortable for people.

Likewise

Linking Words

, for

businessman

Fix the agreement mistake

businessmen

show examples

, for discretes, and the necessity of regulation to ensure consumer protection, prevent fraud, and maintain financial

stabilty

Correct your spelling

stability

. Another positive aspect is

though

Correct your spelling

thought

show examples

to be that develops the country's economy.

That is

Linking Words

because

Add the preposition

because of

show examples

material development.

On the other hand

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, despite

mentioned

Correct article usage

the mentioned

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positive the formation of

money

Use synonyms

However

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, one of the major disadvantages of

this

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money

Use synonyms

formation

has

Verb problem

show examples

its downsides.

For example

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, it has risks involved, including volatility, lack of regulation, and potential for use in illegal activities.

Such

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as, another important is a mistake many people make when shopping in stores.

This

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is because

Remove the comma

apply

show examples

they face a financial crisis. In conclusion,

while

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some people need for

abalanced

Correct your spelling

a balanced

approach towards new

money

Use synonyms

technologies.

Such

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as, embracing benefits

while

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mitigating risks through appropriate regulation can offer several positives,

there

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but there

show examples

may be some drawbacks too. From my personal

points

Fix the agreement mistake

point

show examples

of view,

advantages

Correct article usage

the advantages

show examples

this

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will outweigh the disadvantages.

Submitted by soglomovsarvar on Wed Mar 06 2024

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logical structure

Focus on organizing your essay in a clear, logical manner. Begin with an introduction that outlines the topics you will discuss, then proceed with distinct paragraphs for each point, followed by a concise conclusion.

introduction conclusion present

Ensure your essay contains a clear introduction and conclusion. The introduction should provide a brief overview of the essay's topic and your stance, while the conclusion should summarize the main points and restate your position.

supported main points

Support your main points with clear arguments or examples. It's important to develop each point thoroughly to help the reader understand and be persuaded by your argument.

complete response

Address the task directly and ensure your essay fully responds to all parts of the question. It should be clear what your position is and why, through the use of examples and explanation.

clear comprehensive ideas

Express your ideas clearly and in a structured way. Use paragraphs effectively, with one main idea per paragraph, and make sure your ideas are comprehensive and easy to understand.

relevant specific examples

Include relevant and specific examples to support your arguments. These can be drawn from your own knowledge or experience, or from recognized sources, to add weight to your points.

Word Count

IELTS says that you should write a minimum of 250 words in writing task 2. If you go under word count you will lose marks in task response.

A very long essay will not give you a higher band score.

Aim for between 260 to 290 words in writing task 2. This will ensure a concise essay and will be realistic in terms of time management. You have only 40 minutes to write the essay and you need around 10 minutes of planning time, so you will not be able to write a long essay in 30 minutes.

Discover more tips in The Ultimate Guide to Get a Target Band Score of 7+ »— a book that's free for 🚀 Premium users.

10
Linking words
meeting the goal of 7 or more
1
Word repetition
meeting the goal of 3 or fewer
20
Grammar mistakes
detected issues

<4

Overall Band Score

Coherence and Cohesion: 4.0

Logical structure

Introduction & conclusion present

Supported main points

Accurate linking words

Variety in linking words

Lexical resource: 4.0

Varied vocabulary

Accurate spelling & word formation

Grammatical Range: 4.0

Mix of complex & simple sentences

Clear and correct grammar

Task Achievement: 4.0

Complete response

Clear & comprehensive ideas

Relevant & specific examples

Appropriate word count

4 paragraphs

248 words

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New forms of money are becoming extremely popular nowadays. Is this a positive development or adding risk to the system? Should new money technology face greater regulation and security? Give reasons for your answer and include any relevant examples from your own knowledge or experience.

Word Count

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