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

Responses

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.
Remittances increased in 2021 because costs increased.

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, remittances saw an increase in many regions, and this was largely attributed to the rise of digital financial systems, which made it easier and more efficient for individuals to send money across borders.