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. The 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 people don't need to worry about exchange rates. In fact the idea of exchange rate will vanish forever. Currently, global currency exchange rates are not stable except for few currencies.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.
Nowadays, 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 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. World might face the problem of counterfeit notes at a large extent, because the standards and security norms would be same in all parts of the world. Furthermore, there will be chances of increase in illegal practices like money laundering. Because anybody can carry 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.
Grammar and spelling errors:
Line 1, column 383, Rule ID: SENTENCE_FRAGMENT[1]
Message: “When” at the beginning of a sentence 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.
...itory transactions within that country. When it comes to international trading these...
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Line 1, column 422, Rule ID: THIS_NNS[2]
Message: Did you mean 'this differentiation' or 'these differentiations'?
Suggestion: this differentiation; these differentiations
... When it comes to international trading these differentiation creating some serious economic problems...
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Line 1, column 485, Rule ID: SENTENCE_FRAGMENT[1]
Message: “As” at the beginning of a sentence 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.
...reating some serious economic problems. As a solution experts coined the idea of s...
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Line 3, column 68, Rule ID: EN_CONTRACTION_SPELLING
Message: Possible spelling mistake found
Suggestion: don't
...ave single global currency there people dont need to worry about exchange rates. In ...
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Line 3, column 247, Rule ID: SENTENCE_WHITESPACE
Message: Add a space between sentences
Suggestion: For
...re not stable except for few currencies.For example if an exporter exports goods wo...
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Line 3, column 383, Rule ID: UPPERCASE_SENTENCE_START
Message: This sentence does not start with an uppercase letter
Suggestion: If
...o get the money from the foreign buyer. if his payment delays, that will effect hi...
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Line 3, column 416, Rule ID: AFFECT_EFFECT[6]
Message: Did you mean 'affect'?
Suggestion: affect
...buyer. if his payment delays, that will effect his earnings if the dollar to rupee rat...
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Line 5, column 178, Rule ID: WHERE_AS[1]
Message: Did you mean 'Whereas'?
Suggestion: Whereas
...ake care of their expenses in overseas. Where as if we have a universal currency, then w...
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Line 5, column 228, Rule ID: EN_CONTRACTION_SPELLING
Message: Possible spelling mistake found
Suggestion: don't
...f we have a universal currency, then we dont need to worry about this factor at all....
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Message: “Because” at the beginning of a sentence 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.
...llegal practices like money laundering. Because anybody can carry any amount of with th...
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Transition Words or Phrases used:
also, but, first, furthermore, if, so, still, then, well, as to, except for, for example, in conclusion, in fact, on top of that
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 8.0 13.1623246493 61% => OK
Auxiliary verbs: 16.0 7.85571142285 204% => Less auxiliary verb wanted.
Conjunction : 9.0 10.4138276553 86% => OK
Relative clauses : 10.0 7.30460921844 137% => OK
Pronoun: 31.0 24.0651302605 129% => Less pronouns wanted
Preposition: 52.0 41.998997996 124% => OK
Nominalization: 11.0 8.3376753507 132% => OK
Performance on vocabulary words:
No of characters: 1990.0 1615.20841683 123% => OK
No of words: 401.0 315.596192385 127% => OK
Chars per words: 4.96259351621 5.12529762239 97% => OK
Fourth root words length: 4.47492842339 4.20363070211 106% => OK
Word Length SD: 2.73182202919 2.80592935109 97% => OK
Unique words: 223.0 176.041082164 127% => OK
Unique words percentage: 0.556109725686 0.561755894193 99% => OK
syllable_count: 623.7 506.74238477 123% => OK
avg_syllables_per_word: 1.6 1.60771543086 100% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 4.0 5.43587174349 74% => OK
Article: 5.0 2.52805611222 198% => OK
Subordination: 9.0 2.10420841683 428% => Less adverbial clause wanted.
Conjunction: 2.0 0.809619238477 247% => Less conjunction wanted as sentence beginning.
Preposition: 5.0 4.76152304609 105% => OK
Performance on sentences:
How many sentences: 24.0 16.0721442886 149% => OK
Sentence length: 16.0 20.2975951904 79% => The Avg. Sentence Length is relatively short.
Sentence length SD: 46.0990592517 49.4020404114 93% => OK
Chars per sentence: 82.9166666667 106.682146367 78% => OK
Words per sentence: 16.7083333333 20.7667163134 80% => OK
Discourse Markers: 5.33333333333 7.06120827912 76% => OK
Paragraphs: 5.0 4.38176352705 114% => OK
Language errors: 10.0 5.01903807615 199% => OK
Sentences with positive sentiment : 13.0 8.67935871743 150% => OK
Sentences with negative sentiment : 4.0 3.9879759519 100% => OK
Sentences with neutral sentiment: 7.0 3.4128256513 205% => Less facts, knowledge or examples wanted.
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.287396995916 0.244688304435 117% => OK
Sentence topic coherence: 0.0754893035078 0.084324248473 90% => OK
Sentence topic coherence SD: 0.0708240256711 0.0667982634062 106% => OK
Paragraph topic coherence: 0.143672471075 0.151304729494 95% => OK
Paragraph topic coherence SD: 0.0717621695004 0.056905535591 126% => OK
Essay readability:
automated_readability_index: 10.3 13.0946893788 79% => Automated_readability_index is low.
flesch_reading_ease: 55.24 50.2224549098 110% => OK
smog_index: 3.1 7.44779559118 42% => Smog_index is low.
flesch_kincaid_grade: 9.5 11.3001002004 84% => OK
coleman_liau_index: 11.19 12.4159519038 90% => OK
dale_chall_readability_score: 8.21 8.58950901804 96% => OK
difficult_words: 96.0 78.4519038076 122% => OK
linsear_write_formula: 6.5 9.78957915832 66% => OK
gunning_fog: 8.4 10.1190380762 83% => OK
text_standard: 10.0 10.7795591182 93% => OK
What are above readability scores?
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Rates: 61.797752809 out of 100
Scores by essay e-grader: 5.5 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.