In the past year, which of the following is true about remittances?(1 point)

Responses

Remittances increased in 2021 because costs increased.
Remittances increased in 2021 because costs increased.

Remittances decreased due to the switch away from a cash system.
Remittances decreased due to the switch away from a cash system.

Remittances in 2021 decreased as migration decreased.
Remittances in 2021 decreased as migration decreased.

Remittances increased in 2021 due to digitally based systems.

1 answer

The correct response is:

Remittances increased in 2021 due to digitally based systems.

In 2021, many remittance services saw an increase in transactions as people adapted to digital payment systems, which became more widely used and accessible during the COVID-19 pandemic.