Tradeandtravelwouldbealoteasierwithasingle, globalcurrencythatweall
use.
Do youagreeordisagreewiththisstatement? Wouldasinglecurrency
causeanyproblems?
Youshouldwriteatleast 250 words.
modelanswer:
Itiscleartomethattheideaofasingle globalcurrencyisanexcellentidealto
worktowards.Therecan beno doubtthattradeandtravelwould bevastlyeasier.Onthe
otherhandIbelievethatitwouldcause problemstoday.
Thebenefitsofasinglecurrencycan beseenwiththeuseinEuropeoftheEuro.
Wheneveryouaretravelling betweencountriesusingtheEuro,theproblemsof
currencychangingandexchangeratesare history.Similarly businessbetween
countriesusingtheEurosissomucheasier;nomoreworryingaboutexchangerate
riskand pricing.Everyone‛smoneyisthesame.ThesamethingistruewiththeUS
dollar.Mostcountriesdo notusetheUSdollarbutitisacceptedinmany
places.TherearemanycountriesthatyoucantraveltoandjusttakeUSdollarsto
use.
Atpresentthoughaglobalcurrencywould
beimpossible.Firstlymostcountrieswould notaccepttheidea.Secondlyallcountries
arein differenteconomicstates.Someareeconomically verystrongandsomeareina
stateofcollapsewithinflationruiningtheeconomy.Suchcountriescould notbebrought
into aworldcurrencyasitwouldcausemassivefinancialinstabilityworldwide.Soitis
clearthataglobalcurrencywouldindeedcausesomeseriousproblems.
So,inconclusionIseeaglobalcurrencyasafutureidealbutitwillnothappeninmy
lifetime.Itwouldmaketradeandtravelmucheasierbuttheproblemsitwouldcause
nowadayswould beinsurmountable.
( 259 words)
Sample 106
Youshouldspendabout 40 minutesonthistask.
Thewealthgapbetween 1 stworldcountriesand 3 rdworldcountriesseemstobe
increasing.Howcanwereducethis gap?Do youthinkthatdevelopedcountries
haveadutyto assistdevelopingcountriesineveryway?
Youshouldwriteatleast 250 words.