When a worker in the United States sends money to his family in Mexico, this transaction is recorded in the U.S. balance of payment as an:

Name: When a worker in the United States sends money to his family in Mexico, this transaction is recorded in the U.S. balance of payment as an:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This transaction is recorded as an outflow in the net transfer account because it represents a transfer of money from someone in the United States to someone in another country without the exchange of goods or services.

When a Worker in the United States Sends Money to His