What are remittances?(1 point)
Responses
money sent back to people in an immigrant’s home country
money sent back to people in an immigrant’s home country
the movement of people from one place to another
the movement of people from one place to another
the forming of a new culture from mixing meanings and practices of multiple groups
the forming of a new culture from mixing meanings and practices of multiple groups
a measure of the share of society not contributing as much economically, such as the young and old
a measure of the share of society not contributing as much economically, such as the young and old
Remittances refer to the money sent back to people in an immigrant's home country.
The correct answer is: money sent back to people in an immigrant’s home country.
To arrive at this answer, we can eliminate the other options by understanding their definitions:
- The movement of people from one place to another refers to migration or population movements.
- The forming of a new culture from mixing meanings and practices of multiple groups is known as cultural synthesis or cultural blending.
- A measure of the share of society not contributing as much economically, such as the young and old, is often referred to as the dependency ratio.
By process of elimination, we can conclude that remittances are money sent back to people in an immigrant's home country.