What are remittances?
A) zones of a city that are dominated by the wealthy elite (more typical in the less developed world)
B) programs that seek to equalize literacy rates in the less developed world
C) measures of economic health and potential
D) measures of a country's well-being that take many non-economic factors into account
E) transfers of migrant workers' wages to their families back home

Question

Quizplus · Accepted Answer

Remittances refer to the transfer of wages earned by migrant workers to their families in their home country. It is a significant source of income for many developing countries and can have a positive impact on the economic well-being of recipient families and communities.

What Are Remittances