A) In the past year, which of the following is true about remittances? (1 point)
Remittances increased in 2021 because costs increased.
Remittances in 2021 decreased as migration decreased.
Remittances increased in 2021 due to digitally based systems.
Remittances decreased due to the switch away from a cash system.
C) Remittances increased in 2021 due to digitally based systems.
The correct answer is: Remittances increased in 2021 due to digitally based systems.
To determine the correct answer to this question, let's examine each option provided:
A) Remittances increased in 2021 because costs increased.
To determine if this statement is true, you would need information about the relationship between remittances and costs. You could look for data or reports that analyze remittance trends, migration patterns, and cost factors to see if there is evidence supporting this claim.
B) Remittances in 2021 decreased as migration decreased.
To assess the accuracy of this statement, you would need data on migration patterns and remittance trends. Comparing migration data for the past year with corresponding remittance data would provide insights into any correlation between migration and remittance levels.
C) Remittances increased in 2021 due to digitally based systems.
This statement suggests that the adoption of digital systems caused remittances to increase. To verify this claim, you could search for reports, articles, or studies on the influence of digital platforms on remittance trends during the past year.
D) Remittances decreased due to the switch away from a cash system.
To evaluate this statement, you would need to investigate the impact of transitioning from a cash-based remittance system to an alternative method. Examining data on remittance trends and changes in payment methods should help determine if the switch away from cash had any effect on remittance levels.
By researching available data, reports, and studies related to remittances, migration patterns, costs, and digital systems, you will be able to analyze each statement and identify the one that is true about remittances in the past year.