Question

Which of the following statements about remittances is false?

Answer 1

D.
Remittances are funds transferred from a worker's home country to his or her host country.

Answer 2

Answer: D. Remittances are funds transferred from a worker's home country to his or her host country.

Remittances are transfers of money that a foreign worker sends to his home country. Remittances are one of the main sources of income to developing countries. India is the country which receives the most money in the form of remittances (US$80 billion in 2018), followed by China (US$67 billion in 2018), Mexico and the Philippines (US$34 billion each in 2018) and Egypt (US$26 billion in 2018).