Question

As of 2014, $600 billion, triple that of a decade before, was sent by migrants to relatives in their country of origin, which is an example of __________.

Answer 1

This would be an example of a remittance. Remittances are just transfers of money from someone who is a foreign worker in a country to someone in their home land. The money that is sent home is competitive with international aid as one of the top financial inflows in developing countries.