What are remittances? (1 point)
the movement of people from one place to another
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
a measure of the share of society not contributing as
much economically, such as the young and old
- Remittances are 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 people working in a foreign country back to their home country. It is typically associated with immigrants who send money to support their families and loved ones in their country of origin. To determine the correct answer among the options you provided, we need to select the one that accurately describes remittances.
Option 2, "money sent back to people in an immigrant’s home country," correctly identifies remittances. The movement of people from one place to another (option 1) is not specific to remittances alone, as it can refer to any type of migration. The formation of a new culture through the mixing of meanings and practices (option 3) pertains to cultural blending and not specifically to remittances. Lastly, option 4, "a measure of the share of society not contributing economically," does not relate to remittances but rather to the dependency ratio.