In the past year, which of the following is true about remittances?(1 point) Responses
Remittances increased in 2021 due to digitally based systems. Remittances increased in 2021 due to digitally based systems.
Remittances decreased due to the switch away from a cash system. Remittances decreased due to the switch away from a cash system.
Remittances in 2021 decreased as migration decreased. Remittances in 2021 decreased as migration decreased.
Remittances increased in 2021 because costs increased.
The correct answer is: Remittances increased in 2021 due to digitally based systems.
In the past year, the true statement about remittances is:
Remittances increased in 2021 due to digitally based systems.
To find the correct answer to this question, you can use the given options and analyze each one.
Option 1: "Remittances increased in 2021 due to digitally based systems."
This option suggests that remittances increased in 2021 because of the use of digital systems. This could be a plausible reason, as digital platforms have made it easier and more convenient for people to send remittances. However, there is no evidence provided to determine whether this statement is true or not.
Option 2: "Remittances decreased due to the switch away from a cash system."
This option suggests that remittances decreased in 2021 because there was a shift away from using cash. Again, while this could be a possible reason, there is no concrete evidence given to confirm if this statement is true.
Option 3: "Remittances in 2021 decreased as migration decreased."
This option states that remittances decreased in 2021 due to a decrease in migration. This seems logical, as remittances are usually sent by individuals who have migrated to another country for work or other purposes. If migration decreased in 2021, it is possible that remittances would also decrease. However, we still need additional evidence to confirm if this statement is true.
Option 4: "Remittances increased in 2021 because costs increased."
This option suggests that remittances increased in 2021 because costs increased. This statement is doubtful because it is uncommon for an increase in costs to result in an increase in remittances. Typically, higher costs would deter people from sending remittances or result in the same level of remittances being sent, not an increase.
Based on the analysis of the provided options and the lack of clear evidence, it is not possible to determine the correct answer to this question.