Question mexican immigrants working in the united states, Ask an Expert

Economics

Question: Mexican immigrants working in the United States often send money back home (known as remittances) to help their families or to add to their savings account for the future. Today, these remittances approach $20 billion a year. How are these transfers recorded in the balance of payments accounts?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M92292311

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