Asked by Jordan Jeyachandran on Jun 14, 2024
Verified
"Remittances" occur when
A) two countries send immigrants to each other in approximately equal numbers.
B) physical capital flows into a country that has lost labor due to migration.
C) immigrants send financial payments back to family in their country of origin.
D) migrants return to their home country.
Remittances
Money sent by immigrants back to their home country, often to family members, contributing significantly to the economy of the receiving country.
Immigrants
Individuals who move to a country different from their country of origin for the purposes of settling, working, or studying.
Financial Payments
Transactions involving the transfer of money or other monetary instruments from one party to another as compensation or for acquiring goods or services.
- Determine the function and influence of remittances within the economies of their originating countries.
Verified Answer
JS
Joanna SanchezJun 18, 2024
Final Answer :
C
Explanation :
Remittances refer to the financial or material support sent by migrants back to their family or friends in their country of origin. This is a common practice among immigrants who move to other countries for work or better living conditions and want to support their families back home.
Learning Objectives
- Determine the function and influence of remittances within the economies of their originating countries.