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GMAT Essay Topic 559 - "For hundreds of years, the monetary system of most countries has been based on the exchange of metal coins and printed pieces of paper. However, because of recent developments in technology, the international community should consider replacing the entire system of coins and paper with a system of electronic accounts of credits and debits." Discuss the extent to which you agree or disagree with the opinion stated above. Support your views with reasons and/or examples from your own experience, observations, or reading.

No title Score:3.5 February 6th, 2014 by
There is an old saying that “Without money you can do nothing”, especially in a material world. Money is like a bridge connecting people and people. Loads of people spend most of their lives pl... Read more
Cost effectiveness Score:4.5 November 10th, 2013 by
The author's has made several assuptions to substantiate the author's claim but failed to provide enough information for the assumptions. The lack of informaion makes the author's argument refutabl... Read more
Global currency Score:6 January 25th, 2013 by
For centuries, global finance has relied on the currency of paper and coins for trade and monetary transactions. But due to advances in technology, a proposal has been put forth to change this meth... Read more
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monetary system Score:5 December 2nd, 2011 by
Undoubtedly, the impact of continuous evolution of technology is permeating throughout every aspect of human life where monetary system is no exception. However, it is not feasible to replace entir... Read more
Technological Revolution Score:3.5 September 5th, 2011 by
With the recent development in technology,international community should replace the traditional system of metal coins and paper money with a system of electronic accounts of credit and debit. I... Read more
Changing Monetary system basis Score:3.5 August 9th, 2011 by
Whether to replace coin and printed paper currencies with Electronic account is a debatable issue. On one hand, this replacement will make things more easier to managed. On other hand, it can gener... Read more
Monetary System Score:6 August 6th, 2011 by
The huge development in technology actually gives us a better alternative for the past coin and paper monetary system, thus an increasing number of people starting to advocates the newly designed e... Read more
Credit Cards benefits Score:4.5 March 3rd, 2011 by
The monetary system of most countries has been based on the exchange of metal coins and printed pieces of paper. In my opinion, the international community should consider replacing the entire syst... Read more
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No title Score:5 November 9th, 2010 by
Education in the largest sense is any act or experience that has a formative effect on the mind, character or physical ability of an individual. In its technical interesting sense, education is the... Read more
Coins versus credit cards Score:5 September 8th, 2010 by
Technically current technologies allow replacing system of coins and paper moneys with a software system of credit and debit cards, electronic accounts, etc. And there is an idea that international... Read more
It is now widely held that monetary system of a country plays a significant role in its economy including industry and agriculture. In the same vein, I generally hold that replacing electronic acco... Read more
No title Score:4 November 28th, 2009 by
Views differ greatly when it comes to the issue whether the wish to live long lives, attempting to significantly extend the average human life span would be a mistake. If achieved, this would place... Read more
My_first_essay_1 Score:4.5 November 2nd, 2009 by
We live in a age where the old systems of previous centuries and decades are continously getting outdated and are being replaced by new and efficient systems. Monetary systems are no exception to t... Read more
monetary system Score:5 August 15th, 2009 by
Although adopting a system of electronic accounts of credits and debits will provide substantial convenience to international trade and commerce, thus expediting the globalization of economy and ma... Read more
Various systems of exchange Score:4 August 10th, 2008 by
Many people feel that the monetary system of exchanging metal coins and printed pieces of paper should still be prevalent. On the other hand, due to technological advances, some people consider tha... Read more
monetary system Score:5 June 21st, 2008 by
Back to ancient era, some countries manufactured a different kind of stones and rocks and used them as a monetary object; they purchased good by exchanging those objects. Nowadays, people develope... Read more
chris1 Score:5 April 30th, 2008 by
The opinion stated is an interesting one. The world would be so much more convenient if people need not carry coins and notes for their daily transactions. From the growing popularity of credit a... Read more
No title Score:4.5 April 4th, 2008 by
The topic of monetary exchange is very remarkable. It is very essential to have something of value that could be used in exchange of purchasing commodity. The author emphasizes the need for replaci... Read more
monetory systems Score:5 March 25th, 2008 by
The issue of replacing the entire system of present currency with a system of electronic account is an interesting one. The issue is increasingly important in this era of technological advancements... Read more
E-Currency – An ordeal for a great future Score:5 August 9th, 2007 by
Imagine a society where there is no physical currency or coins are exchanged and every transaction happens through e-money or virtual electronic credit. Should this kind of a system desirable and w... Read more
Monetary system replaced with electronic Score:4.5 July 24th, 2007 by
The speaker concludes that with the recent developments in technology,the world is now mature enough to replace it's currency system.However given the current situation in the world such a conclusi... Read more
tech Score:6 June 8th, 2007 by
Technology has been playing a pivotal role in making our lives more comfortable and convenient . Though certain technological gifts are accessible only to a small privileged class ,its true impact... Read more
electronic accounts Score:5 March 29th, 2007 by
The prospect of converting the monetary system from metal coins and printed pieces of paper to a system of electronic accounts in intriguing. The opponents of this system might argue that this will... Read more
Monetary System Score:5 September 11th, 2006 by
Trade has been a major reason for survival since eons. It has given rise to and fall of kingdoms. England and the European countries conquered the world in the word of trade. The basis of trade was... Read more
September 11, 2006