Question

Which of the following statements about remittances sent by migrant workers is true? A. Remittances are monetary payments sent from the worker’s home country to the host country. B. Remittances provide income to the home country. C. Remittances are illegal in the United States. D. Remittances provide capital resources for workers’ families living in the host country. Please select the best answer from the choices provided.

Answer 1

The following statements about remittances sent by migrant workers is true: Remittances provide income to the home country.

Hope this helps!!!!

Answer 2

The correct answer is B.

Remittances are defined as monetary payments which are sent by migrant workers from their host country to their home country. These constitute a speacial source of income for the home country as the payment of a retribution is not requiered in exchange and the action of sending is made unilaterally.

The reception of these payments is registered in the balance of payments of the home country as an increase of its reserves of foreign currencies.