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

Change preposition

for

show examples

goods and services which will harm buying power.

In addition

, every

country

will lose the power to manage

the

Change the word

its

show examples

finances.

This

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

currency

For example

, a

country

has

wisdom

Change the article

the wisdom

show examples

to print new money,

freezing

Replace the word

freeze

show examples

balances of private or government companies and

changes

Correct subject-verb agreement

change

show examples

Change preposition

apply

show examples

bank

regulation

Fix the agreement mistake

regulations

show examples

. Moving to benefits, having the same

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

show examples

For instance

, the community of Uni Europe determines legal payment using euros

Change preposition

for

show examples

all members of Uni Eropa.

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

show examples

Submitted by k a l l a on Wed 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.

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

4 paragraphs

271 words

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

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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?

Essentional vocabulary list for IELTS Writing 7+

Ordinary people copy famous people whom they see on TV and magazines. Do you think it is a positive development?

In today’s job market it is far more important to have practical skills than theoretical knowledge. In the future, job applicants may not need any formal qualifications. To what extant do you agree or disagree?

In some countries, there has been an increase in the number of parents are choosing to educate their children themselves at home instead of sending them to school. Do the advantages of home education outweigh the advantages?