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

Responses

Remittances increased in 2021 due to digitally based systems.
Remittances increased in 2021 due to digitally based systems.

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

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

Remittances increased in 2021 because costs increased.

1 answer

Based on trends observed, the statement that is true about remittances in 2021 is:

Remittances increased in 2021 due to digitally based systems.

This reflects the broader shift towards digital transactions and the increased ability of individuals to send money home even amidst challenges posed by the pandemic.