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?

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It is said that everyone should transact with a single

currency

Use synonyms

to simplify commerce and trips in the world. Personally, despite some challenges, I would support the use of one global

currency

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, with some reasons outlined below. The main obstacle would appear to be inflation potential. It is because of disparate economic development levels in each

country

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, which can bring an imbalanced economy determined based on single

interest

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rates by countries with stabilized revenue.

As a result

Linking Words

, there will be a rise in purchasing prices

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for

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goods and services which will harm buying power.

In addition

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, every

country

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will lose the power to manage

the

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its

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finances.

This

Linking Words

phenomenon can be monetary because of the implementation of one type of

currency

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For example

Linking Words

, a

country

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has

wisdom

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the wisdom

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to print new money,

freezing

Replace the word

freeze

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balances of private or government companies and

changes

Correct subject-verb agreement

change

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Change preposition

apply

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bank

regulation

Fix the agreement mistake

regulations

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. Moving to benefits, having the same

currency

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can improve the investment . Many investors are not afraid to invest in a

country

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with a single

currency

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because they do not worry about fluctuations and the risk of exchange

rate

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rates

show examples

For instance

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, the community of Uni Europe determines legal payment using euros

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for

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all members of Uni Eropa.

Furthermore

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, another advantage is the value of the

interest

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rate which is stable.

This

Linking Words

is because the liquidity from the same

currency

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will decrease loan

interest

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Therefore

Linking Words

, it is possible for the government and company to get loan funds with low

interest

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. In summary, I believe that using a single

currency

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could be more beneficial for improving the investment and decreasing the loan

interest

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despite having potential inflation and regulating monetary

wisdoms

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wisdom

pearls of wisdom

show examples

k a l l aWed Jun 19 2024

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development

Ensure that your ideas are fully developed and clearly presented. Some parts of the essay, especially the sections on the obstacles and benefits, could be further expanded with more details, examples, and analyses to make the arguments stronger and more convincing.

structure

Work on paragraph structure. Each paragraph should contain a clear main idea and supporting details that are logically connected. This will improve the overall coherence of your essay.

grammar

Pay attention to grammatical accuracy and sentence structure. Some sentences are unclear due to grammatical errors or awkward phrasing, which can detract from the clarity of your arguments.

format

Strong introduction and conclusion that clearly state the position and summarize the main points discussed in the essay.

transitions

Good use of transitional words and phrases to connect ideas and ensure a smooth flow.

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

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: 4.0

Varied vocabulary

Accurate spelling & word formation

Grammatical Range: 4.0

Mix of complex & simple sentences

Clear and correct grammar

Task Achievement: 6.0

Complete response

Clear & comprehensive ideas

Relevant & specific examples

Appropriate word count

4 paragraphs

271 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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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?

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