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 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 country
, which can bring an imbalanced economy determined based on single interest
rates by countries with stabilized revenue. As a result
, there will be a rise in purchasing prices like
goods and services which will harm buying power. Change preposition
for
In addition
, every country
will lose the power to manage the
finances. Change the word
its
This
phenomenon can be monetary because of the implementation of one type of currency
. For example
, a country
has 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 country
with a single currency
because they do not worry about fluctuations and the risk of exchange rate
. Fix the agreement mistake
rates
For instance
, the community of Uni Europe determines legal payment using euros in
all members of Uni Eropa. Change preposition
for
Furthermore
, another advantage is the value of the interest
rate which is stable. This
is because the liquidity from the same currency
will decrease loan interest
. Therefore
, it is possible for the government and company to get loan funds with low interest
.
In summary, I believe that using a single currency
could be more beneficial for improving the investment and decreasing the loan interest
despite having potential inflation and regulating monetary wisdoms
.Change the wording
wisdom
pearls of wisdom
Submitted by mukarramailham on
Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Writing9 with appropriate and specific direction to the original content.
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.