asked 226k views
20 votes
What are remittances and why are they important to mexico's economy?

asked
User Levan
by
8.8k points

1 Answer

9 votes

Answer:

remittance is money sent from migrants to their home country. it's important in mexico's economy because there are a lot of people in foreign countries that send money to their families in Mexico and Mexico depends on this because the money is used for food, clothing, and other things which means that the economy keeps flowing

answered
User Inkeliz
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7.8k points
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