Zahra works as a university professor. Each month, she sends part of her salary to her parents living in Iran. What term describes this monthly transfer of money?

Question

Quizplus · Accepted Answer

Remittance refers to the transfer of money, often by a foreign worker to an individual in their home country. In this context, Zahra sending part of her salary to her parents in Iran is considered a remittance.

Zahra Works as a University Professor