Explain how remittances from migrant workers create purchasing power in other countries. Why do migrant workers send remittances? What happens with this money?

Respuesta :

Answer:

Remittances represent cash flow from the host country to families in the home country. Migrant workers may cross borders to seek employment opportunities in a new country. When sending remittances, they are sending funds back to their home country. Remittances often are used to support families, businesses, or savings opportunities in home countries.

Explanation:

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Answer:  Responses may vary but should include some or all of the following information:

Remittances represent cash flow from the host country to families in the home country. Migrant workers may cross borders to seek employment opportunities in a new country. When sending remittances, they are sending funds back to their home country. Remittances often are used to support families, businesses, or savings opportunities in home countries.

Explanation: SAMPLE RESPON SE FROM EDGE 2020