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 lecture and the reading both
The lecture and the reading both are about Euro, the common currency used by countries in the European region. The author of the reading claims that adopting Euro promoted the international trade, maintained price stability and encouraged worker movement. The lecturer casts doubts on these claims made by the article. She thinks that the information provided by reading are outdated and unapplicable for current scenario.
First of all, the author believes that the Euro keeps the prices stable in the regions that adopt them. It's also mentioned that Euro prevents the sudden changes in prices. This point is challanged by the lecturer. She says that countries in Eurozone traded with other international countries whose currency values are prone to change. Furthermore she argues that the changes in other countries currency value will reflect a change in the Euro value, hence the prices in Eurozone will also vary.
Secondly, the author states that international trade improved in the Eurozone because of the price stability due to the advent of Euro. The lecturer rebuts this point by refering to a research conducted after introduction of Euro. From that study, the lecturer concluded that the trade neither increased nor decreased after introducing Euro.
Third, the author contends that Euro improves the work mobility. The lecturer, on the other hand, posits that the case of work mobility is same as that of internation trade. It also did not improve after introduction of Euro. She also adds that this is more relevent to impacts of changes in legislation than currency.
Grammar and spelling errors:
Line 1, column 257, Rule ID: ENGLISH_WORD_REPEAT_BEGINNING_RULE
Message: Three successive sentences begin with the same word. Reword the sentence or use a thesaurus to find a synonym.
...ability and encouraged worker movement. The lecturer casts doubts on these claims m...
^^^
Line 3, column 336, Rule ID: SENT_START_CONJUNCTIVE_LINKING_ADVERB_COMMA[1]
Message: Did you forget a comma after a conjunctive/linking adverb?
Suggestion: Furthermore,
...se currency values are prone to change. Furthermore she argues that the changes in other co...
^^^^^^^^^^^
Line 3, column 385, Rule ID: POSSESIVE_APOSTROPHE[1]
Message: Possible typo: apostrophe is missing. Did you mean 'countries'' or 'country's'?
Suggestion: countries'; country's
...re she argues that the changes in other countries currency value will reflect a change in...
^^^^^^^^^
Transition Words or Phrases used:
also, but, first, furthermore, hence, second, secondly, so, third, first of all, on the other hand
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 6.0 10.4613686534 57% => More to be verbs wanted.
Auxiliary verbs: 2.0 5.04856512141 40% => OK
Conjunction : 4.0 7.30242825607 55% => More conjunction wanted.
Relative clauses : 15.0 12.0772626932 124% => OK
Pronoun: 25.0 22.412803532 112% => OK
Preposition: 35.0 30.3222958057 115% => OK
Nominalization: 6.0 5.01324503311 120% => OK
Performance on vocabulary words:
No of characters: 1336.0 1373.03311258 97% => OK
No of words: 255.0 270.72406181 94% => More content wanted.
Chars per words: 5.23921568627 5.08290768461 103% => OK
Fourth root words length: 3.99608801488 4.04702891845 99% => OK
Word Length SD: 2.62086972073 2.5805825403 102% => OK
Unique words: 135.0 145.348785872 93% => More unique words wanted.
Unique words percentage: 0.529411764706 0.540411800872 98% => OK
syllable_count: 418.5 419.366225166 100% => OK
avg_syllables_per_word: 1.6 1.55342163355 103% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 6.0 3.25607064018 184% => OK
Article: 10.0 8.23620309051 121% => OK
Subordination: 0.0 1.25165562914 0% => More adverbial clause wanted.
Conjunction: 0.0 1.51434878587 0% => OK
Preposition: 2.0 2.5761589404 78% => OK
Performance on sentences:
How many sentences: 16.0 13.0662251656 122% => OK
Sentence length: 15.0 21.2450331126 71% => The Avg. Sentence Length is relatively short.
Sentence length SD: 32.6433736576 49.2860985944 66% => OK
Chars per sentence: 83.5 110.228320801 76% => OK
Words per sentence: 15.9375 21.698381199 73% => OK
Discourse Markers: 6.125 7.06452816374 87% => OK
Paragraphs: 4.0 4.09492273731 98% => OK
Language errors: 3.0 4.19205298013 72% => OK
Sentences with positive sentiment : 8.0 4.33554083885 185% => OK
Sentences with negative sentiment : 3.0 4.45695364238 67% => OK
Sentences with neutral sentiment: 5.0 4.27373068433 117% => OK
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.127785848641 0.272083759551 47% => OK
Sentence topic coherence: 0.0428921976071 0.0996497079465 43% => OK
Sentence topic coherence SD: 0.053756736225 0.0662205650399 81% => OK
Paragraph topic coherence: 0.0799147646953 0.162205337803 49% => OK
Paragraph topic coherence SD: 0.0404040792612 0.0443174109184 91% => OK
Essay readability:
automated_readability_index: 11.2 13.3589403974 84% => Automated_readability_index is low.
flesch_reading_ease: 56.25 53.8541721854 104% => OK
smog_index: 3.1 5.55761589404 56% => Smog_index is low.
flesch_kincaid_grade: 9.1 11.0289183223 83% => OK
coleman_liau_index: 12.82 12.2367328918 105% => OK
dale_chall_readability_score: 8.47 8.42419426049 101% => OK
difficult_words: 66.0 63.6247240618 104% => OK
linsear_write_formula: 7.0 10.7273730684 65% => OK
gunning_fog: 8.0 10.498013245 76% => OK
text_standard: 8.0 11.2008830022 71% => OK
What are above readability scores?
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Rates: 78.3333333333 out of 100
Scores by essay e-grader: 23.5 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.