What are remittances?(1 point)
a measure of the share of society not contributing as much economically, such as the young and old
the movement of people from one place to another
he forming of a new culture from mixing meanings and practices of multiple groups
money sent back to people in an immigrant’s home country
money sent back to people in an immigrant’s home country
Remittances refer to 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.
To find the answer to this question, you can use various resources such as textbooks, online articles, or trusted websites. Remittances refer to the money or financial resources that foreign workers or immigrants send back to their home country. This money is typically sent to support their families or invest in businesses or real estate in their home country. It is an important source of income for many developing countries and contributes significantly to their economies.