Maria is a Philippine citizen who works in Singapore, and every month she sends part of her paycheck home to family members who live in the Philippines. How does this monthly flow of funds from Singapore to the Philippines show up in Singapore's balance of payments accounts?
A) It is a positive amount in the capital account.
B) It is a negative amount in the capital account.
C) It is a positive amount in the current account.
D) It is a negative amount in the current account.
Correct Answer:
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