It has been proposed that a global currency, replacing all currencies, should be introduced. If introduced, what are its advantages?
In this global economic world, along with the advent of the technology world has shrunk under an umbrella. Along with the fast pacing business, the need for a global currency is inevitable. Many economists have suggested that a global currency, deterring need for different currencies could be launched. This essay discusses the advantage of these currencies.
To set in, Are global currencies play a pivotal role? the currency has become the most important medium of transactions putting gold and other metals aside. So the role of currency in business is inevitable. One of the major benefits of a global currency is that it can eradicate the hassles of money transaction from country to country. For example, a businessman can find it difficult to change his dollar into rupees while dealing with an international market. Hence, a common currency which can ease these predicament problems would be a panacea for many.
Another advantage of these currencies is the value of money will not fluctuate while converting. To cite one example, when changing Euro into Thai baht an entrepreneur may lose his hard earned money value. However, these difficult situations could be smoothed with the help of a common currency.
The global currency could be widely accepted and can become a solution for quandaries if all world leaders put a foot in front to make globalisation more effective. In future, these currencies will invite peace and prosperity moreover, worldwide acceptance.
In my contention, global currency can be an excellent resolution for economical issues which the world is facing today. Moreover, many countries and business will flourish while reaping the benefits.
| Post date | Users | Rates | Link to Content |
|---|---|---|---|
| 2019-02-18 | jencydalphy | 65 | view |
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Grammar and spelling errors:
Line 3, column 55, Rule ID: UPPERCASE_SENTENCE_START
Message: This sentence does not start with an uppercase letter
Suggestion: The
... global currencies play a pivotal role? the currency has become the most important ...
^^^
Line 5, column 297, Rule ID: WHITESPACE_RULE
Message: Possible typo: you repeated a whitespace
Suggestion:
...hed with the help of a common currency. The global currency could be widely acce...
^^^^^^^
Line 7, column 166, Rule ID: IN_PAST[1]
Message: Did you mean: 'In the future'?
Suggestion: In the future
...t to make globalisation more effective. In future, these currencies will invite peace and...
^^^^^^^^^
Line 10, column 70, Rule ID: ECONOMICAL_ECONOMIC[1]
Message: Did you mean 'economic' (=connected with economy)?
Suggestion: economic
...ency can be an excellent resolution for economical issues which the world is facing today....
^^^^^^^^^^
Transition Words or Phrases used:
hence, however, if, may, moreover, so, while, for example
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 11.0 13.1623246493 84% => OK
Auxiliary verbs: 15.0 7.85571142285 191% => OK
Conjunction : 4.0 10.4138276553 38% => More conjunction wanted.
Relative clauses : 5.0 7.30460921844 68% => More relative clauses wanted.
Pronoun: 14.0 24.0651302605 58% => OK
Preposition: 29.0 41.998997996 69% => OK
Nominalization: 7.0 8.3376753507 84% => OK
Performance on vocabulary words:
No of characters: 1424.0 1615.20841683 88% => OK
No of words: 268.0 315.596192385 85% => More content wanted.
Chars per words: 5.31343283582 5.12529762239 104% => OK
Fourth root words length: 4.04607285448 4.20363070211 96% => OK
Word Length SD: 2.84404737655 2.80592935109 101% => OK
Unique words: 154.0 176.041082164 87% => More unique words wanted.
Unique words percentage: 0.574626865672 0.561755894193 102% => OK
syllable_count: 453.6 506.74238477 90% => OK
avg_syllables_per_word: 1.7 1.60771543086 106% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 3.0 5.43587174349 55% => OK
Article: 5.0 2.52805611222 198% => OK
Subordination: 1.0 2.10420841683 48% => OK
Conjunction: 0.0 0.809619238477 0% => OK
Preposition: 7.0 4.76152304609 147% => OK
Performance on sentences:
How many sentences: 17.0 16.0721442886 106% => OK
Sentence length: 15.0 20.2975951904 74% => The Avg. Sentence Length is relatively short.
Sentence length SD: 28.5041124939 49.4020404114 58% => The essay contains lots of sentences with the similar length. More sentence varieties wanted.
Chars per sentence: 83.7647058824 106.682146367 79% => OK
Words per sentence: 15.7647058824 20.7667163134 76% => OK
Discourse Markers: 3.35294117647 7.06120827912 47% => More transition words/phrases wanted.
Paragraphs: 5.0 4.38176352705 114% => OK
Language errors: 4.0 5.01903807615 80% => OK
Sentences with positive sentiment : 11.0 8.67935871743 127% => OK
Sentences with negative sentiment : 3.0 3.9879759519 75% => OK
Sentences with neutral sentiment: 3.0 3.4128256513 88% => OK
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.111584171528 0.244688304435 46% => OK
Sentence topic coherence: 0.0416762892576 0.084324248473 49% => OK
Sentence topic coherence SD: 0.039104512129 0.0667982634062 59% => OK
Paragraph topic coherence: 0.0707480713242 0.151304729494 47% => OK
Paragraph topic coherence SD: 0.0304820782655 0.056905535591 54% => OK
Essay readability:
automated_readability_index: 11.5 13.0946893788 88% => Automated_readability_index is low.
flesch_reading_ease: 47.79 50.2224549098 95% => OK
smog_index: 3.1 7.44779559118 42% => Smog_index is low.
flesch_kincaid_grade: 10.3 11.3001002004 91% => OK
coleman_liau_index: 13.22 12.4159519038 106% => OK
dale_chall_readability_score: 9.04 8.58950901804 105% => OK
difficult_words: 79.0 78.4519038076 101% => OK
linsear_write_formula: 6.0 9.78957915832 61% => OK
gunning_fog: 8.0 10.1190380762 79% => OK
text_standard: 12.0 10.7795591182 111% => OK
What are above readability scores?
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Rates: 67.4157303371 out of 100
Scores by essay e-grader: 6.0 Out of 9
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Note: the e-grader does NOT examine the meaning of words and ideas. VIP users will receive further evaluations by advanced module of e-grader and human graders.