Chapter 3 MIDDLE AND SOUTH AMERICA

Decline in World Remittances Expected This Year

After watching the Decline in World Remittances Expected This Year video, consider the questions below. Then "submit" your response.

1. A remittance is

payment for goods and services.

money sent abroad from migrant workers.

money saved by migrant workers.

money sent to migrant workers from their families abroad.

2. What percentage of remittances go to Mexico from undocumented workers in the US?

about one-half

about one-third

about one-quarter

about one-fifth

3. What percentage does the World Bank expect remittances to drop by in 2009?

more than 10 percent

14 percent

Between 5 percent and 8 percent

Between 10 percent and 14 percent

4. Mexico is the number one recipient in the world of remittances.

True

False