Some people think that coins and paper money will vanish in a few years We will only use plastic cards or some other form of electronic currency Is this a positive or negative development

Essay topics:

Some people think that coins and paper money will vanish in a few years. We will only use plastic cards or some other form of electronic currency. Is this a positive or negative development?

With the technological advancement in the banking systems; nowadays, many are habituated to use credit/debit cards for every payment. It is often said that online payment services might result in extinction of coins and paper money. In every enhancement there will be pros and cons as well; but, in this aspect we will be benefited more in many ways.

Further, to this we can easily sum up the bills even to the overseas online shopping sites and manage our payments online. These days there are many trusted applications being provided which is making our payments easier. Due to the fact, that people are getting used to internet banking, some of the software companies like Google, Apple and others introduced payment wallets and app’s to make this ever more quick.

Firstly, with the tremendous increase in the modern monetary banking methods it became common for everyone to purchase goods online and pay though net-banking. Moreover, this saves our time and effort. Secondly, the security features are highly advantageous where the security authorities are given the capability of tracing the use of cards. However, if a person carrying money is robbed; in this case there is no security and is difficult to get it back.

On the other hand, if the practice of making payments, investments, purchase of good and services is made through online, will result in decline of malpractices. Every transaction will be tracked and each penny is accountable for tax. Even more, this will result in increase in the revenue of country; thereby, results in development of society.

In conclusion, the modern monetary banking system is beneficial in bringing convenience to people in their day-to-day life and avoid problems from using coins and paper cash. Finally, this trend will lead us to a new generation of cashless society.

Votes
Average: 6 (3 votes)

Comments

Grammar and spelling errors:
Line 3, column 290, Rule ID: SOME_OF_THE[1]
Message: Simply use 'some'.
Suggestion: some
...e are getting used to internet banking, some of the software companies like Google, Apple a...
^^^^^^^^^^^

Transition Words or Phrases used:
but, finally, first, firstly, however, if, moreover, second, secondly, so, well, in conclusion, on the other hand

Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments

Performance on Part of Speech:
To be verbs : 17.0 13.1623246493 129% => OK
Auxiliary verbs: 8.0 7.85571142285 102% => OK
Conjunction : 12.0 10.4138276553 115% => OK
Relative clauses : 4.0 7.30460921844 55% => More relative clauses wanted.
Pronoun: 20.0 24.0651302605 83% => OK
Preposition: 42.0 41.998997996 100% => OK
Nominalization: 10.0 8.3376753507 120% => OK

Performance on vocabulary words:
No of characters: 1544.0 1615.20841683 96% => OK
No of words: 299.0 315.596192385 95% => More content wanted.
Chars per words: 5.16387959866 5.12529762239 101% => OK
Fourth root words length: 4.1583189471 4.20363070211 99% => OK
Word Length SD: 2.7148704541 2.80592935109 97% => OK
Unique words: 178.0 176.041082164 101% => OK
Unique words percentage: 0.595317725753 0.561755894193 106% => OK
syllable_count: 488.7 506.74238477 96% => OK
avg_syllables_per_word: 1.6 1.60771543086 100% => OK

A sentence (or a clause, phrase) starts by:
Pronoun: 6.0 5.43587174349 110% => OK
Article: 2.0 2.52805611222 79% => OK
Subordination: 2.0 2.10420841683 95% => OK
Conjunction: 0.0 0.809619238477 0% => OK
Preposition: 8.0 4.76152304609 168% => OK

Performance on sentences:
How many sentences: 15.0 16.0721442886 93% => OK
Sentence length: 19.0 20.2975951904 94% => OK
Sentence length SD: 40.6655737558 49.4020404114 82% => OK
Chars per sentence: 102.933333333 106.682146367 96% => OK
Words per sentence: 19.9333333333 20.7667163134 96% => OK
Discourse Markers: 7.53333333333 7.06120827912 107% => OK
Paragraphs: 5.0 4.38176352705 114% => OK
Language errors: 1.0 5.01903807615 20% => OK
Sentences with positive sentiment : 8.0 8.67935871743 92% => OK
Sentences with negative sentiment : 2.0 3.9879759519 50% => More negative sentences wanted.
Sentences with neutral sentiment: 5.0 3.4128256513 147% => OK
What are sentences with positive/Negative/neutral sentiment?

Coherence and Cohesion:
Essay topic to essay body coherence: 0.227401471011 0.244688304435 93% => OK
Sentence topic coherence: 0.0682224328998 0.084324248473 81% => OK
Sentence topic coherence SD: 0.0414721754413 0.0667982634062 62% => OK
Paragraph topic coherence: 0.118373325064 0.151304729494 78% => OK
Paragraph topic coherence SD: 0.0384349126223 0.056905535591 68% => OK

Essay readability:
automated_readability_index: 12.8 13.0946893788 98% => OK
flesch_reading_ease: 52.19 50.2224549098 104% => OK
smog_index: 8.8 7.44779559118 118% => OK
flesch_kincaid_grade: 10.7 11.3001002004 95% => OK
coleman_liau_index: 12.65 12.4159519038 102% => OK
dale_chall_readability_score: 9.33 8.58950901804 109% => OK
difficult_words: 90.0 78.4519038076 115% => OK
linsear_write_formula: 8.5 9.78957915832 87% => OK
gunning_fog: 9.6 10.1190380762 95% => OK
text_standard: 9.0 10.7795591182 83% => OK
What are above readability scores?

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Rates: 89.8876404494 out of 100
Scores by essay e-grader: 8.0 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.