Question

Which of the following statements about remittances is false?
A.
Remittances are monies sent from a worker's host country to his or her home country.
B.
Remittances create purchasing power in the home country.
C.
Remittances are often important to developing economies.
D.
Remittances are funds transferred from a worker's home country to his or her host country.

Please select the best answer from the choices provided.

A
B
C
D

Answer 1

D

Statement D is false — remittances are funds sent from a worker's host country back to their home country, not the other way around.