International Remittances Quiz

What is an economic migrant?

• An individual who moves to another country for retirement

• An individual who moves to another country for political reasons

• An individual who moves to another country to improve their standard of living

• An individual who moves to another country for educational purposes

In 2013, how much money did international migrants send home?

• $200 billion

• $579 billion

• $135 billion

• $413 billion

What percentage of Tajikistan's GDP was made up by remittances in 2014?

• 35.2%

• 20.5%

• 9.7%

• 41.7%

Which region had the highest cost of sending remittances in 2015?

• South Asia

• Sub-Saharan Africa

• Eastern Europe

• Latin America

What is the remittance corridor?

• The stages involved in the transfer of funds

• The flow of remittances between two countries

• The cost of sending remittances

• The network of banks involved in remittances

What is the average global cost of remitting $200 in 2016?

• $20.00

• $15.20

• $10.00

• $7.60

Which country had the largest migrant stock in 2013?

• USA

• Germany

• Russia

• Saudi Arabia

Which country received the most remittances in 2014?

• India

• Philippines

• Mexico

• China

What is Hawala?

• A government program for remittances

• A digital remittance service

• A trust-based system for money transfer without money movement

• A type of bank account for migrants

What is the main goal of the company Toast?

• To offer high-interest savings accounts

• To invest in real estate for migrants

• To make cross-border payments easier and cheaper for migrant workers

• To provide loans to migrants