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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 Would a single currency cause any problems v.1

Trade and travel would be a lot easier with a single global currency that we all use Would a single currency cause any problems v. 1
After the introduction of LPG (Liberalisation, Privatisation and Globalization), the world has changed a lot. Nowadays people can buy anything from anywhere in the world. But still one thing is creating some problems to this free flow of goods and services, which is the currency difference. Every country has their own currency notes to do monitory transactions within that country. When it comes to international trading these differentiation creating some serious economic problems. As a solution experts coined the idea of single currency, trade and travel become lot easier if we have this. I completely agree with this statement. First and foremost, if we have single global currency there won' t be any difference in exchange rate. In fact the idea of exchange rate will vanish forever. Currently, global currency exchange rated not stable except for few currencies. Many factors like wars and natural disasters have an great impact on these rates. These fluctuations some times cost money to the exporters and vice versa also do tend to happen. For example if an exporter exports goods worth 3 million dollars, he has to depend on his bank to get the money from the foreign buyer. if his payment delays, that will effect his earnings if the dollar to rupee rate increases he will some money as extra, if it declines the opposite will happen. The situation same in the case of imports as well. Secondly, global currency definitely help the travelers a lot. Currently, when individuals travel abroad they need to carry the arriving country' s currency or they need an international credit card to take care of their expenses in overseas. Where as if we have a universal currency, then we don' t need to worry about this factor at all. Everyone one can use their hard sweat money in anywhere in the world. On top of that, this currency uniformity help the world economy a great extent. Nations can save a such lot of money which currently involved in currency printing and distribution. The world would be more balanced then. On the flip side of the coin, there are some disadvantages as well. Presently, a country' s economic strength evaluated on the basis of how strong its bill of exchange perform in the international market. if a global money introduced in to the market, then this kind of valuation would be difficult in the future. Furthermore, there will be chances of increase in illegal practices like money laundering. Because anybody can any amount of with them when they travel around the world despite any restrictions. In conclusion, a universal money solve lot of problems that we are facing the current world scenario, but at the same time it also creates some new threats as well.
After the introduction of LPG (
Possible spelling mistake. 'Liberalisation' is British English.
Liberalisation
,
Possible spelling mistake. 'Privatisation' is British English.
Privatisation
and Globalization), the
You use this word too often, consider replacing it with
world
has
This phrase/word (depending on the context) can be potentially replaced with :
changed
a
You use this word too often, consider replacing it with
lot
. Nowadays
This phrase/word (depending on the context) can be potentially replaced with :
people
can
This phrase/word (depending on the context) can be potentially replaced with :
buy
anything from anywhere in the
You use this word too often, consider replacing it with
world
.
This phrase/word is too simple and can be replaced with:
But
still
one thing is creating
This phrase/word is too simple and can be replaced with:
some
problems to this free flow of
This phrase/word (depending on the context) can be potentially replaced with :
goods
and services, which is the
You use this word too often, consider replacing it with
currency
difference. Every
You use this word too often, consider replacing it with
country
has
'Each', 'every', 'either' and 'neither' are used with singular and thus take a singular pronoun: "his", "her", "his or her", "its"
their
This phrase/word (depending on the context) can be potentially replaced with :
own
You use this word too often, consider replacing it with
currency
notes to do monitory transactions within that
You use this word too often, consider replacing it with
country
.
“When” at the beginning of a sentence usually requires a 2nd clause. Maybe a comma, question or exclamation mark is missing, or the sentence is incomplete and should be joined with the following sentence.
When
it
This phrase/word (depending on the context) can be potentially replaced with :
comes
to international trading
Did you mean "this differentiation" or "these differentiations"?
these differentiation
creating
This phrase/word is too simple and can be replaced with:
some
serious economic problems. As a solution experts coined the
This phrase/word (depending on the context) can be potentially replaced with :
idea
of single
You use this word too often, consider replacing it with
currency
, trade and travel become
You use this word too often, consider replacing it with
lot
easier if we have this. I completely
This phrase/word (depending on the context) can be potentially replaced with :
agree
with this statement.

First
and foremost, if we have single
You use this word too often, consider replacing it with
global
You use this word too often, consider replacing it with
currency
there
Possible spelling mistake found.
won&
#039; t be any difference in
You use this word too often, consider replacing it with
exchange
You use this word too often, consider replacing it with
rate
. In fact the
This phrase/word (depending on the context) can be potentially replaced with :
idea
of
You use this word too often, consider replacing it with
exchange
You use this word too often, consider replacing it with
rate
will vanish forever.
Currently
,
You use this word too often, consider replacing it with
global
You use this word too often, consider replacing it with
currency
You use this word too often, consider replacing it with
exchange
rated not stable
This phrase/word (depending on the context) can be potentially replaced with :
except for
few
You use this word too often, consider replacing it with
currencies
.
This phrase/word is too simple and can be replaced with:
Many
factors like wars and natural disasters have
Use "a" instead of 'an' if the following word doesn't start with a vowel sound, e.g. 'a sentence', 'a university'
an
great impact on these
You use this word too often, consider replacing it with
rates
. These fluctuations
This phrase/word is too simple and can be replaced with:
some
times cost
You use this word too often, consider replacing it with
money
to the exporters and vice versa
also
do tend to happen.
For example
if an exporter exports
This phrase/word (depending on the context) can be potentially replaced with :
goods
worth 3 million dollars, he
This phrase/word is too simple and can be replaced with:
has to
depend on his bank to
This phrase/word (depending on the context) can be potentially replaced with :
get
the
You use this word too often, consider replacing it with
money
from the foreign buyer.
This sentence does not start with an uppercase letter
if
his payment delays, that will
Did you mean "affect"?
effect
his earnings if the dollar to rupee
You use this word too often, consider replacing it with
rate
increases he will
This phrase/word is too simple and can be replaced with:
some
You use this word too often, consider replacing it with
money
as extra, if it declines the opposite will happen. The situation same in the case of imports
as well
.

Secondly
,
You use this word too often, consider replacing it with
global
You use this word too often, consider replacing it with
currency
definitely
This phrase/word (depending on the context) can be potentially replaced with :
help
the travelers a
You use this word too often, consider replacing it with
lot
.
Currently
, when individuals travel abroad they need to carry the arriving
Possible spelling mistake found.
country&
#039; s
Use a comma before 'or' if it connects two independent clauses (unless they are closely connected and short).
currency or
they need an international credit card to take care of their expenses in overseas.
Did you mean "Whereas"?
Where as
if we have a universal
You use this word too often, consider replacing it with
currency
, then we
Possible spelling mistake found.
don&
#039; t need to worry about this factor at all. Everyone one can
This phrase/word (depending on the context) can be potentially replaced with :
use
their
This phrase/word (depending on the context) can be potentially replaced with :
hard
sweat
You use this word too often, consider replacing it with
money
in anywhere in the
You use this word too often, consider replacing it with
world
.
On top of that
, this
You use this word too often, consider replacing it with
currency
uniformity
This phrase/word (depending on the context) can be potentially replaced with :
help
the
You use this word too often, consider replacing it with
world
economy a great extent. Nations can save a such
You use this word too often, consider replacing it with
lot
of
You use this word too often, consider replacing it with
money
which
currently
involved in
You use this word too often, consider replacing it with
currency
printing and distribution. The
You use this word too often, consider replacing it with
world
would be more balanced then.

On the flip side of the coin, there are
This phrase/word is too simple and can be replaced with:
some
disadvantages
as well
.
Presently
, a
Possible spelling mistake found.
country&
#039; s economic strength evaluated on the basis of how strong its bill of
You use this word too often, consider replacing it with
exchange
perform in the international market.
This sentence does not start with an uppercase letter
if
a
You use this word too often, consider replacing it with
global
You use this word too often, consider replacing it with
money
introduced in to the market, then this kind of valuation would be difficult in the future.
Furthermore
, there will be chances of increase in illegal practices like
You use this word too often, consider replacing it with
money
laundering.
This phrase/word is too simple and can be replaced with:
Because
anybody can any amount of with them when they travel around the
You use this word too often, consider replacing it with
world
despite any restrictions.

In conclusion
, a universal
You use this word too often, consider replacing it with
money
solve
It seems that an article is missing.
lot of
problems that we are facing the
This phrase/word (depending on the context) can be potentially replaced with :
current
You use this word too often, consider replacing it with
world
scenario,
This phrase/word is too simple and can be replaced with:
but
at the same time it
also
creates
This phrase/word is too simple and can be replaced with:
some
new threats
as well
.
15Linking words, meeting the goal of 7 or more
47Repeated words, meeting the goal of 3 or fewer
17Mistakes

IELTS essay Trade and travel would be a lot easier with a single global currency that we all use Would a single currency cause any problems v. 1

Essay
  American English
5 paragraphs
457 words
6.0
Overall Band Score
Coherence and Cohesion: 6.5
  • Structure your answers in logical paragraphs
  • ?
    One main idea per paragraph
  • Include an introduction and conclusion
  • Support main points with an explanation and then an example
  • Use cohesive linking words accurately and appropriately
  • Vary your linking phrases using synonyms
Lexical Resource: 5.0
  • Try to vary your vocabulary using accurate synonyms
  • Use less common question specific words that accurately convey meaning
  • Check your work for spelling and word formation mistakes
Grammatical Range: 6.0
  • Use a variety of complex and simple sentences
  • Check your writing for errors
Task Achievement: 6.0
  • Answer all parts of the question
  • ?
    Present relevant ideas
  • Fully explain these ideas
  • Support ideas with relevant, specific examples
Labels Descriptions
  • ?
    Currently is not available
  • Meet the criteria
  • Doesn't meet the criteria
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