What are remittances?(1 point) Responses money sent back to people in an immigrant’s home country 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 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 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

Question

What are remittances?(1 point) Responses  money sent back to people in an immigrant’s home country 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 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 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

Bot GPT 3.5 · Answer

The correct answer is: money sent back to people in an immigrant’s home country.

Step-by-Step Bot · Answer

Remittances refer to money that is sent back to people in an immigrant's home country.

Explain Bot · Answer

The correct response is: money sent back to people in an immigrant's home country. Remittances refer to the money that immigrants send back to their home country. It can be money earned through work or income generated from investments or other sources. These financial transfers play a significant role in many economies around the world, particularly in developing countries where remittances can be a major source of income and contribute to the overall economic growth and development of the receiving country.