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Which of the following statements about remittances is false?

A.
Remittances are monies sent from a worker's host country to his or her home country.
B.
Remittances create purchasing power in the home country.
C.
Remittances are often important to developing economies.
D.
Remittances are funds transferred from a worker's home country to his or her host country.

User Leggo
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2 Answers

0 votes
b i think not for sure
User Bohdan Vorona
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3 votes

Answer:

B. Remittances create purchasing power in the home country.

Step-by-step explanation:

  • A remittance is the transfer money by a foreign worker to an individual in the home country, as a type of international trade as the inflow to the developing nation. The remittance cover about 2.7 % of the GDP of the Indian economy in 2017. Countries like the Takistan get over half of there GDP by the national remittances.
User Ahmed Mujtaba
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