Remittances of Mexican workers in the U.S. to their families in Mexico are included in the U.S. balance of payments as a debit in the section on:

Question

Quizplus · Accepted Answer

Remittances are considered net international transfers because they involve the movement of funds from one country (U.S.) to another (Mexico) without any corresponding exchange of goods, services or assets. Therefore, they are recorded as a debit in the U.S. balance of payments under the category of net international transfers.

Remittances of Mexican Workers in the U