What Is the Largest Source of Foreign Exchange (Currency) in the Philippines

question 218

Multiple Choice

What is the largest source of foreign exchange (currency) in the Philippines?

• A) international firms headquartered in Manila
• B) the World Bank
• C) remittances from Filipinos living abroad
• D) global farmers' markets

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Definitions:

Economic Domination

A condition where a single entity or a group of entities holds significant control or influence over the economic policies, resources, or markets of a region or country.

Transnational Corporation

A large company operating in several countries around the world, managing production or delivering services in more than one country.

Borderless Basis

Describes an approach or system that operates without the limitations or barriers imposed by geographic or political boundaries.

Conflict Minerals

Minerals sourced in areas of armed conflict, particularly the Democratic Republic of Congo and surrounding region, whose sale finances armed groups that perpetuate violence.