SENDING MONEY HOME

 

Questions 1–7

Reading Passage 1 has eight paragraphs, A–H.

Choose the correct heading for paragraphs A–H from the list of headings below. Write the correct number, i–x, in boxes 1–7 on your answer sheet.

 

List of Headings

i Stability of remittances in difficult times

ii Effect of cutback in transaction fees

iii Targeted investments and contributions

iv Remittances for business investment

v How to lower transmission fees

vi Motivations behind remittances

vii Losses incurred during transmission

viii Remittances worth more than official aid

ix How recipients utilise remittances

x Frequency and size of remittances

xi Poor returns on migrant savings

 

Example:

Paragraph G xi

1 Paragraph A

2 Paragraph B

3 Paragraph C

4 Paragraph D

5 Paragraph E

6 Paragraph F

7 Paragraph H

 

 

Questions 8–13

Complete the summary below.

Choose NO MORE THAN TWO WORDS from the passage for each answer.

Write your answers in boxes 8–13 on your answer sheet.

 

Countries are unwilling to enforce lower transaction fees as they are worried about 8 ……………….., and villagers lose out when post offices have a special relationship with one particular money transfer agency.

Each remittance might be small but the total cost of remittance fees is huge. Governments should 9 ……………….. on small amounts and end the current post office system or make it more competitive. Another idea would be for a large non-profit association, capable of handling complicated 10 ……………….. to take charge of migrant remittances.

Migrants who send money home are able to save money, too, but it receives little or no interest from 11 ……………….. . If a country or organisation sold bonds that earned a reasonable rate of interest for the investor, that money could fund the development of homeland 12 ……………….. .The bonds could be sold at the remittance centre, which could also take donations from 13 ……………….. to fund charitable projects in their home country.