Which of the following best defines remittance?

Show Answers

Transferring funds to a person located far awayThe amount of money that is transferredBoth transferring money and the amount sentNeither of these

Explanation

Remittance refers both to the act of sending money to someone at a distance and the actual sum of money that is sent.

Which of the following best defines remittance? — Basic of Economics | PakQuizHub