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use of single currency in the world

use of single currency in the world 15QEW
It is often argued by some that there should be only one currency in the world. Some might disagree to this concept, but I totally support this opinion. Not only because this will facilitate commodity trade and eliminate global monopolies but also because this will create economic harmony in the world. This essay will explore why single currency is good for the world. There are numerous benefits of having a single global currency. Firstly, a lot of complications related to trade transactions are resolved. As there are no currency differences so all parties involved in the transaction have a clear picture of the cashflows. For instance, an importer importing goods from China to USA will pay the exporter from USA in the same currency. Thus, this proves that uniform currency is good for international trade. Secondly, powerful countries with stable economies would not be able to create financial and economic monopolies. As countries with strong currencies tend to dictate countries who have weaker currencies. Take an example of Pakistan, where 1 US dollar is equal to 155 Pakistani rupees. Due to poor currency and other economic factors Pakistan faces a lot of financial pressure from USA. Hence, this proves that single global currency would avoid monopolies and cartels. Finally, one global currency will establish economic harmony in the world. As currency related discriminating factors will have no impact. To sum-up, I believe that world should have one single currency not only because this will support international trade and eradicate global monopolies but also because this will establish economic harmony in the world.
It is
This phrase/word is too simple and can be replaced with:
often
argued by
This phrase/word is too simple and can be replaced with:
some
that there should be
This phrase/word (depending on the context) can be potentially replaced with :
only
one
You use this word too often, consider replacing it with
currency
in the
You use this word too often, consider replacing it with
world
.
This phrase/word is too simple and can be replaced with:
Some
might disagree to this concept,
This phrase/word is too simple and can be replaced with:
but
I
totally
support this opinion. Not
This phrase/word (depending on the context) can be potentially replaced with :
only
This phrase/word is too simple and can be replaced with:
because
this will facilitate commodity trade and eliminate
You use this word too often, consider replacing it with
global
You use this word too often, consider replacing it with
monopolies
This phrase/word is too simple and can be replaced with:
but
also
This phrase/word is too simple and can be replaced with:
because
this will create
You use this word too often, consider replacing it with
economic
harmony in the
You use this word too often, consider replacing it with
world
. This essay will explore why
You use this word too often, consider replacing it with
single
You use this word too often, consider replacing it with
currency
is
This phrase/word (depending on the context) can be potentially replaced with :
good
for the world.

There are numerous benefits of having a
You use this word too often, consider replacing it with
single
You use this word too often, consider replacing it with
global
You use this word too often, consider replacing it with
currency
.
Firstly
,
This phrase/word is too simple and can be replaced with:
a lot of
complications related to trade transactions
are resolved
.
“As” 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.
As
there are no
You use this word too often, consider replacing it with
currency
differences
This phrase/word is too simple and can be replaced with:
so
all parties involved in the transaction have a
This phrase/word (depending on the context) can be potentially replaced with :
clear
picture of the
Possible spelling mistake found.
cashflows
.
For instance
, an importer importing
This phrase/word (depending on the context) can be potentially replaced with :
goods
from China
A determiner is probably missing here: "to the USA".
to USA
will pay the exporter
A determiner is probably missing here: "from the USA".
from USA
in the same
You use this word too often, consider replacing it with
currency
.
Thus
, this proves that uniform
You use this word too often, consider replacing it with
currency
is
This phrase/word (depending on the context) can be potentially replaced with :
good
for international trade.

Secondly
, powerful countries with stable economies would not be able to create financial and
You use this word too often, consider replacing it with
economic
You use this word too often, consider replacing it with
monopolies
.
“As” 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.
As
countries with strong
You use this word too often, consider replacing it with
currencies
tend to dictate countries who have weaker
You use this word too often, consider replacing it with
currencies
. Take an example of Pakistan, where 1 US dollar is equal to 155 Pakistani rupees. Due to poor
You use this word too often, consider replacing it with
currency
and other
You use this word too often, consider replacing it with
economic
factors Pakistan faces
This phrase/word is too simple and can be replaced with:
a lot of
financial pressure
A determiner is probably missing here: "from the USA".
from USA
.
Hence
, this proves that
You use this word too often, consider replacing it with
single
You use this word too often, consider replacing it with
global
You use this word too often, consider replacing it with
currency
would avoid
You use this word too often, consider replacing it with
monopolies
and cartels.

Finally
, one
You use this word too often, consider replacing it with
global
You use this word too often, consider replacing it with
currency
will establish
You use this word too often, consider replacing it with
economic
harmony in the
You use this word too often, consider replacing it with
world
.
“As” 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.
As
You use this word too often, consider replacing it with
currency
related discriminating factors will have no impact.

To sum-up, I believe that
You use this word too often, consider replacing it with
world
should have one
You use this word too often, consider replacing it with
single
You use this word too often, consider replacing it with
currency
not
This phrase/word (depending on the context) can be potentially replaced with :
only
This phrase/word is too simple and can be replaced with:
because
this will support international trade and eradicate
You use this word too often, consider replacing it with
global
You use this word too often, consider replacing it with
monopolies
This phrase/word is too simple and can be replaced with:
but
also
This phrase/word is too simple and can be replaced with:
because
this will establish
You use this word too often, consider replacing it with
economic
harmony in the
You use this word too often, consider replacing it with
world
.
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IELTS essay use of single currency in the world

Essay
  American English
5 paragraphs
262 words
6.0
Overall Band Score
Coherence and Cohesion: 5.5
  • 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: 5.5
  • 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: 6.5
  • 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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