Portfolio Task 6

The idea of a single unified global currency is an impressive and remarkable action. There is no doubt that trade and travel would be easier. In spite of that I think that it may cause various problems today.

          There are many advantages of having single currency such as the Euro in Europe. Whenever we travel between various Europe countries, the problems of changing and exchanging rates are history. For instance and from business perspectives, it's easier to use a single currency in different transactions to avoid any conflicts and risks that use of the US dollar is similar; even most countries accept the US dollars in many aspects either in tourism or in trade transactions.

          However there are many problems in having a global universal currency. First of all, from an economic perspective it's not easy to accept this idea most developed countries face some political, legal and economical inflation. Such countries could not easily be brought into the single currency because of some restrictions in fiscal and monetary governmental policies.

          Overall, I believe that the idea of a universal currency has a reverse flow. It may be effective in trade transactions and tourist purposes but it may raise various problems and conflicts between countries.

Portfolio Task 5

          The line graph shows the number of annual visits to Australia by overseas residents from 1975 to 2005. Also, the table gives information on the country of origin where the visitors come from. I will write a report describing the information given.

          Now I will describe the line graph. In this line graph it shows me that from 1975 to 2005 the number of visitors rose from 10 million to 31 million; that means it was increasing. In 1975 the visitors were about 9.5 million then it was increasing to 16 million in 1985 and in 1995 it was 24 million, and in 2005 30 million visitors. In the table it has some information on the country of origin where the visitors came from 1975 to 2005. In 1975 the lowest country was 0.3 million from China and the highest country is Japan about 3.2 million; also, the lowest country in 2005 is China, about 0.8 million, and the highest is Japan, about 12.0 million.

          Overall, I see the visitors who came to Australia in 1975 and 2005. Japan was the highest country in 1975 and in 2005 China was the lowest country and the total in 2005 is more than 1975.