Mexican immigrants working in the united states often send, Macroeconomics

Mexican immigrants working in the united states often send

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: Mexican immigrants working in the united states often send

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