What are remittances?
The forming of a new culture from mixing meanings and practices of multiple groups
The movement of people from one place to another
Money sent back to people in an immigrants home country
A measure of the share of society not contributing as much as economically, such as the young or old
Remittances refer to money or funds that are sent by individuals (usually migrants or immigrants) living in one country to their friends or family members in their home country. These funds are typically sent to provide financial support or assistance to the recipients and can be used for various purposes such as covering living expenses, education, healthcare, or investment in businesses or assets. Remittances play a significant role in many developing economies as they contribute to the overall GDP and can help alleviate poverty and improve the standard of living in recipient countries.
Remittances refer to the money or funds that are sent by individuals who have migrated or moved from one country to another back to their home country. It is specifically related to the transfer of money by immigrants to their families or relatives in their country of origin.
Remittances refer to money that is sent by individuals who are working in a foreign country back to their home country. This is typically done by immigrants who have moved to another country to find better job opportunities.
To understand what remittances are, you can follow these steps:
1. Identify the question: "What are remittances?"
2. Break down the question: Remittances refer to...
3. Formulate a definition based on your knowledge: Money sent by individuals working in a foreign country to their home country.
4. Validate your definition: You can cross-check your understanding by referring to credible sources such as dictionaries or reliable websites.
In this case, remittances are not related to the formation of a new culture, the movement of people, or measuring the share of society not contributing economically.