The cost of converting money from one national currency to another is very high. Moreover, differences in currency value can make market prices unstable, discouraging international trade and travel. A group of countries in Europe has been able to avoid many of these problems by agreeing to use a single form of money: the Euro. Together, these countries, known as the Eurozone, enjoy important benefits that come with sharing a multinational currency.
Most importantly, the Euro keeps regional prices stable. Before the introduction of the Euro, if the local currency in one country rose in value, goods from that country would become much more expensive for neighboring countries as a result. Similarly, if a nation’s currency lost its value, the price of imported items would increase for consumers in that country. With the advent of the Euro, participating countries no longer face that problem. The price of goods between countries cannot suddenly change, because all of the countries are using the same currency.
As a secondary benefit, the Euro’s price stability encourages international trade. Eurozone companies no longer need to worry about sudden loss of profit from changes in the worth of currency. Furthermore, merchants can buy and sell across borders without international transaction fees.
Ultimately, the Euro’s benefits support individual freedom by promoting worker mobility. Before the creation of the Eurozone, European workers had far fewer chances to seek work in neighboring countries. Companies headquartered in what are now the Eurozone nations were reluctant to open international offices because of the instability costs. Workers themselves faced stiff currency conversion fees when they tried to send money home and additional losses if the currency of their paychecks fell in value. Since the creation of a common currency, Eurozone employers have offered individuals more chances to work abroad with minimal financial risk.
Summarize the points made in the lecture you just heard, explaining how they call into question points made in the reading.
The reading and the lecture presents two contrasting views on the impact of advent of Euro as a single form of money in the Eurozone countries. The reading, on one hand, accolades the indroduction of Euro, the lecturer on the other hand, argues on each point stated by the reading by giving counterintuitive contentions.
Firstly, although the reading demonstrates the the most important impact of this change as Regional price stability, the lecturer condemns this claim by positing that eventhough Euro has stabilised the prices across the Eurozone countries, it has failed to have similar impacts on the trade happenening across Eurozone countries and countries like Brazil, China and America, which still have different value of money.
Adding to her vivisection, she, then, speaks about the international trade. On contrary to what is stated in the reading-the advent of Euro increased the international trade-the lecturer posits that based on a study, though the ease with which the international trade takes place had increased, there were no significant increase in it's amount.
Last but not the least, the impact of Euro on worker's mobility is brought into light by the reading, by stating that workers could move across the Eurozone countries without minimal financial risk after Euro came live. The lecturer, contradicting the reading again, says that the cause for increase and ease of worker's mobility was the betterment of legislation and not directly the Euro.
Grammar and spelling errors:
Line 3, column 44, Rule ID: ENGLISH_WORD_REPEAT_RULE
Message: Possible typo: you repeated a word
Suggestion: the
...stly, although the reading demonstrates the the most important impact of this change as...
^^^^^^^
Line 3, column 44, Rule ID: DT_DT[1]
Message: Maybe you need to remove one determiner so that only 'the' or 'the' is left.
Suggestion: the; the
...stly, although the reading demonstrates the the most important impact of this change as...
^^^^^^^
Line 7, column 47, Rule ID: POSSESIVE_APOSTROPHE[1]
Message: Possible typo: apostrophe is missing. Did you mean 'workers'' or 'worker's'?
Suggestion: workers'; worker's
...ut not the least, the impact of Euro on workers mobility is brought into light by the r...
^^^^^^^
Transition Words or Phrases used:
but, first, firstly, if, still, then, on the other hand
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 4.0 10.4613686534 38% => More to be verbs wanted.
Auxiliary verbs: 1.0 5.04856512141 20% => OK
Conjunction : 6.0 7.30242825607 82% => OK
Relative clauses : 6.0 12.0772626932 50% => More relative clauses wanted.
Pronoun: 9.0 22.412803532 40% => OK
Preposition: 38.0 30.3222958057 125% => OK
Nominalization: 4.0 5.01324503311 80% => OK
Performance on vocabulary words:
No of characters: 1250.0 1373.03311258 91% => OK
No of words: 235.0 270.72406181 87% => More content wanted.
Chars per words: 5.31914893617 5.08290768461 105% => OK
Fourth root words length: 3.91531732006 4.04702891845 97% => OK
Word Length SD: 2.85992905603 2.5805825403 111% => OK
Unique words: 137.0 145.348785872 94% => More unique words wanted.
Unique words percentage: 0.582978723404 0.540411800872 108% => OK
syllable_count: 385.2 419.366225166 92% => OK
avg_syllables_per_word: 1.6 1.55342163355 103% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 1.0 3.25607064018 31% => OK
Article: 6.0 8.23620309051 73% => OK
Subordination: 2.0 1.25165562914 160% => OK
Conjunction: 0.0 1.51434878587 0% => OK
Preposition: 3.0 2.5761589404 116% => OK
Performance on sentences:
How many sentences: 7.0 13.0662251656 54% => Need more sentences. Double check the format of sentences, make sure there is a space between two sentences, or have enough periods. And also check the lengths of sentences, maybe they are too long.
Sentence length: 33.0 21.2450331126 155% => The Avg. Sentence Length is relatively long.
Sentence length SD: 101.295687601 49.2860985944 206% => The lengths of sentences changed so frequently.
Chars per sentence: 178.571428571 110.228320801 162% => OK
Words per sentence: 33.5714285714 21.698381199 155% => OK
Discourse Markers: 7.85714285714 7.06452816374 111% => OK
Paragraphs: 4.0 4.09492273731 98% => OK
Language errors: 3.0 4.19205298013 72% => OK
Sentences with positive sentiment : 4.0 4.33554083885 92% => OK
Sentences with negative sentiment : 1.0 4.45695364238 22% => More negative sentences wanted.
Sentences with neutral sentiment: 2.0 4.27373068433 47% => OK
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.0935398769037 0.272083759551 34% => The similarity between the topic and the content is low.
Sentence topic coherence: 0.0422906038199 0.0996497079465 42% => OK
Sentence topic coherence SD: 0.0338876656926 0.0662205650399 51% => OK
Paragraph topic coherence: 0.0572309847237 0.162205337803 35% => Maybe some paragraphs are off the topic.
Paragraph topic coherence SD: 0.0376327767355 0.0443174109184 85% => OK
Essay readability:
automated_readability_index: 20.4 13.3589403974 153% => OK
flesch_reading_ease: 37.98 53.8541721854 71% => OK
smog_index: 11.2 5.55761589404 202% => Smog_index is high.
flesch_kincaid_grade: 16.2 11.0289183223 147% => OK
coleman_liau_index: 14.17 12.2367328918 116% => OK
dale_chall_readability_score: 9.57 8.42419426049 114% => OK
difficult_words: 64.0 63.6247240618 101% => OK
linsear_write_formula: 19.0 10.7273730684 177% => OK
gunning_fog: 15.2 10.498013245 145% => OK
text_standard: 19.0 11.2008830022 170% => OK
What are above readability scores?
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Rates: 85.0 out of 100
Scores by essay e-grader: 25.5 Out of 30
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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.