What are remittances?(1 point) Responses 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 the movement of people from one place to another the movement of people from one place to another money sent back to people in an immigrant’s home country money sent back to people in an immigrant’s home country the forming of a new culture from mixing meanings and practices of multiple groups
money sent back to people in an immigrant’s home country
The correct response is: 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.
Remittances refer to the money that is sent by individuals who have migrated to another country back to their home country. These financial transfers are usually made by immigrants to support their families and communities in their countries of origin. Remittances are a significant source of income for many developing countries, and they play a crucial role in reducing poverty, improving living standards, and promoting economic development in those regions.
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