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?
It is said that everyone should transact with a single
currency
to simplify commerce and trips in the world. Personally, despite some challenges, I would support the use of one global Use synonyms
currency
, with some reasons outlined below.
The main obstacle would appear to be inflation potential. It is because of disparate economic development levels in each Use synonyms
country
, which can bring an imbalanced economy determined based on single Use synonyms
interest
rates by countries with stabilized revenue. Use synonyms
As a result
, there will be a rise in purchasing prices Linking Words
like
goods and services which will harm buying power. Change preposition
for
In addition
, every Linking Words
country
will lose the power to manage Use synonyms
the
finances. Change the word
its
This
phenomenon can be monetary because of the implementation of one type of Linking Words
currency
. Use synonyms
For example
, a Linking Words
country
has Use synonyms
wisdom
to print new money, Change the article
the wisdom
freezing
balances of private or government companies and Replace the word
freeze
changes
Correct subject-verb agreement
change
of
bank Change preposition
apply
regulation
.
Moving to benefits, having the same Fix the agreement mistake
regulations
currency
can improve the investment . Many investors are not afraid to invest in a Use synonyms
country
with a single Use synonyms
currency
because they do not worry about fluctuations and the risk of exchange Use synonyms
rate
. Fix the agreement mistake
rates
For instance
, the community of Uni Europe determines legal payment using euros Linking Words
in
all members of Uni Eropa. Change preposition
for
Furthermore
, another advantage is the value of the Linking Words
interest
rate which is stable. Use synonyms
This
is because the liquidity from the same Linking Words
currency
will decrease loan Use synonyms
interest
. Use synonyms
Therefore
, it is possible for the government and company to get loan funds with low Linking Words
interest
.
In summary, I believe that using a single Use synonyms
currency
could be more beneficial for improving the investment and decreasing the loan Use synonyms
interest
despite having potential inflation and regulating monetary Use synonyms
wisdoms
.Change the wording
wisdom
pearls of wisdom
Submitted by k a l l a on
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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
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grammar
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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.