In the past year, which of the following is true about remittances? (1 point)
O Remittances decreased due to the switch away from a cash system.
URSE TOOLS
O Remittances increased in 2021 due to digitally based systems
O Remittances increased in 2021 because costs increased.
O Remittances in 2021 decreased as migration decreased.
O Remittances increased in 2021 due to digitally based systems
Based on the given options, the correct answer is:
- Remittances increased in 2021 due to digitally based systems.
To determine which of the options is true about remittances in the past year, we can analyze each option and identify the most likely scenario:
Option 1: Remittances decreased due to the switch away from a cash system.
To verify if remittances decreased because of the switch away from a cash system, we can examine statistics or reports from reputable sources that track remittance trends. Look for information on trends in remittances and whether there has been a significant decrease attributed to the transition to non-cash systems.
Option 2: Remittances increased in 2021 due to digitally based systems.
Similarly, we can search for data or reports that highlight the growth of remittances in 2021 as a result of the adoption of digitally based systems. Look for information on the increase in remittances facilitated by digital platforms or technologies.
Option 3: Remittances increased in 2021 because costs increased.
To verify if remittances increased because costs increased, we can search for data or reports that examine the relationship between remittances and costs. Look for information on any correlation between rising costs and the increase in remittances.
Option 4: Remittances in 2021 decreased as migration decreased.
To determine if remittances decreased because migration decreased, we can look for data or reports that assess the link between migration and remittances. Look for information on any relationship between decreased migration and a subsequent decrease in remittances.
By researching and analyzing reliable sources, such as reports from international organizations, financial institutions, or government statistical agencies, we can find the most accurate answer to the question. Additionally, consider consulting news articles or expert analysis that provide insights into recent trends in remittances.
Please note that the information provided above is a general approach to finding the answer and may require further research to obtain an accurate and up-to-date answer specific to the past year.