In a cashless society, people use more credit cards. What are the advantages and disadvantages of this phenomenon?
Recently, the topical issue of means of transactions has provoked a heated debate. Although contested by many, a large number of people hold that business deals may be arranged by non-physical monetary units in the foreseeable future. this is the belief with which I strongly concur. Supported by further reliable statistics and empirical research, a cogent case will be made before drawing a logical conclusion.
From an economic perspective, cashless society may redound to the advantage of business corporations, purchasing patterns, and fewer notes or coins in the market. To put this forward, economists in University of Harvard undertook a comprehensive study aimed at the possible link between money spending habits and credit or debit cards ownerships. Results surprisingly revealed that those who spend money via cash correlate positively with the more efficient fiscal systems. Thus, tangible benefits accruing to banking systems are profitably brought on numerous occasions.
bank cards, moreover, contribute substantially to the banking systems, capitals saved, and online banking. While they purchase goods, they do not have be conscious of their wallets. My personal experience, after observing an experiment performed in Oxford, suggests that customers would strongly prefer to purchase a range of products by cash if they scarcely employ other virtual financial resources. Rarely do they confront cases of identity theft and fraudulent money bills, not to mention shortage of change. Hence, the less cash in pockets, the more financial reserves in bank accounts.
In conclusion, credit or debits cards are, in general, a far more convenient method despite being time-honored and conventional means of daily transactions. this is why I firmly believe that merits of these plastic cards far outweigh certain potential drawbacks.
Grammar and spelling errors:
Line 1, column 112, Rule ID: LARGE_NUMBER_OF[1]
Message: Specify a number, remove phrase, or simply use 'many' or 'numerous'
Suggestion: many; numerous
...ted debate. Although contested by many, a large number of people hold that business deals may be ...
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Line 1, column 236, Rule ID: UPPERCASE_SENTENCE_START
Message: This sentence does not start with an uppercase letter
Suggestion: This
...netary units in the foreseeable future. this is the belief with which I strongly con...
^^^^
Line 5, column 1, Rule ID: UPPERCASE_SENTENCE_START
Message: This sentence does not start with an uppercase letter
Suggestion: Bank
...tably brought on numerous occasions. bank cards, moreover, contribute substantial...
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Line 5, column 152, Rule ID: HAVE_PART_AGREEMENT[1]
Message: Use past participle here: 'been'.
Suggestion: been
...e they purchase goods, they do not have be conscious of their wallets. My personal...
^^
Line 7, column 158, Rule ID: UPPERCASE_SENTENCE_START
Message: This sentence does not start with an uppercase letter
Suggestion: This
...nventional means of daily transactions. this is why I firmly believe that merits of ...
^^^^
Transition Words or Phrases used:
but, hence, if, may, moreover, so, thus, while, in conclusion, in general
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 8.0 10.5418719212 76% => OK
Auxiliary verbs: 4.0 6.10837438424 65% => OK
Conjunction : 9.0 8.36945812808 108% => OK
Relative clauses : 6.0 5.94088669951 101% => OK
Pronoun: 17.0 20.9802955665 81% => OK
Preposition: 38.0 31.9359605911 119% => OK
Nominalization: 3.0 5.75862068966 52% => More nominalizations (nouns with a suffix like: tion ment ence ance) wanted.
Performance on vocabulary words:
No of characters: 1574.0 1207.87684729 130% => OK
No of words: 278.0 242.827586207 114% => OK
Chars per words: 5.6618705036 5.00649968141 113% => OK
Fourth root words length: 4.08329915638 3.92707691288 104% => OK
Word Length SD: 2.93795720998 2.71678728327 108% => OK
Unique words: 197.0 139.433497537 141% => OK
Unique words percentage: 0.708633093525 0.580463131201 122% => OK
syllable_count: 479.7 379.143842365 127% => OK
avg_syllables_per_word: 1.7 1.57093596059 108% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 4.0 4.6157635468 87% => OK
Article: 6.0 1.56157635468 384% => Less articles wanted as sentence beginning.
Subordination: 3.0 1.71428571429 175% => OK
Conjunction: 2.0 0.931034482759 215% => Less conjunction wanted as sentence beginning.
Preposition: 5.0 3.65517241379 137% => OK
Performance on sentences:
How many sentences: 15.0 12.6551724138 119% => OK
Sentence length: 18.0 20.5024630542 88% => OK
Sentence length SD: 44.2774083353 50.4703680194 88% => OK
Chars per sentence: 104.933333333 104.977214359 100% => OK
Words per sentence: 18.5333333333 20.9669160288 88% => OK
Discourse Markers: 4.86666666667 7.25397266985 67% => OK
Paragraphs: 4.0 4.12807881773 97% => OK
Language errors: 5.0 5.33497536946 94% => OK
Sentences with positive sentiment : 11.0 6.9802955665 158% => OK
Sentences with negative sentiment : 2.0 2.75862068966 72% => OK
Sentences with neutral sentiment: 2.0 2.91625615764 69% => OK
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.119960926882 0.242375264174 49% => OK
Sentence topic coherence: 0.0327442944358 0.0925447433944 35% => Sentence topic similarity is low.
Sentence topic coherence SD: 0.0291983629285 0.071462118173 41% => Sentences are similar to each other.
Paragraph topic coherence: 0.0644159031261 0.151781067708 42% => OK
Paragraph topic coherence SD: 0.0279793803985 0.0609392437508 46% => Paragraphs are similar to each other. Some content may get duplicated or it is not exactly right on the topic.
Essay readability:
automated_readability_index: 14.5 12.6369458128 115% => OK
flesch_reading_ease: 44.75 53.1260098522 84% => OK
smog_index: 8.8 6.54236453202 135% => OK
flesch_kincaid_grade: 11.5 10.9458128079 105% => OK
coleman_liau_index: 15.55 11.5310837438 135% => OK
dale_chall_readability_score: 11.23 8.32886699507 135% => OK
difficult_words: 118.0 55.0591133005 214% => Less difficult words wanted.
linsear_write_formula: 9.0 9.94827586207 90% => OK
gunning_fog: 9.2 10.3980295567 88% => OK
text_standard: 9.0 10.5123152709 86% => OK
What are above readability scores?
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Rates: 77.7777777778 out of 100
Scores by essay e-grader: 70.0 Out of 90
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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.