In the past year, which of the following is true about remittances?(1 point)
Remittances increased in 2021 because costs increased.
Remittances increased in 2021 due to digitally based systems.
Remittances in 2021 decreased as migration decreased.
Remittances decreased due to the switch away from a cash system
Based on the information provided, it is not possible to determine which statement is true about remittances in the past year.
Remittances in 2021 increased due to digitally based systems.
To determine which statement about remittances in the past year is true, you would need to gather data or information on remittances during that time period. Here are some steps you can follow to find the answer:
1. Research remittance data: Look for reliable sources such as government reports, international organization databases, or reputable financial publications that provide information on remittances in the past year. These sources often track and report on remittance trends with accurate data.
2. Analyze the data: Once you have accessed the relevant data, analyze it to understand the trends and patterns. Look for any changes in the remittance amounts, factors that may have influenced these changes, and any correlations between remittances and the variables mentioned in the statements.
3. Evaluate the statements: Compare the information derived from the data analysis with the statements given. Consider whether the statements align with the trends and factors indicated by the data. Identify any connections or discrepancies between the statements and the actual data.
Based on the information provided in the question, we cannot determine the true statement about remittances without performing the above steps. It is important to rely on accurate data and analysis to reach a reliable conclusion.