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State TWO functions of the Irish National Treasury Management Agency: Function 1: _______________________________________ Function 2: _______________________________________ (17 marks) - Leaving Cert Economics - Question 8 - 2006

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State TWO functions of the Irish National Treasury Management Agency: Function 1: _______________________________________ Function 2: _____________________________... show full transcript

Worked Solution & Example Answer:State TWO functions of the Irish National Treasury Management Agency: Function 1: _______________________________________ Function 2: _______________________________________ (17 marks) - Leaving Cert Economics - Question 8 - 2006

Step 1

Function 1: Borrowing on behalf of the Irish Government

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Answer

The Irish National Treasury Management Agency (NTMA) borrows funds on behalf of the Irish Government, which includes issuing government bonds. This function is essential for financing government operations and managing the public debt effectively.

Step 2

Function 2: Managing the National Pension Reserve Fund

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Answer

The NTMA is responsible for managing the National Pension Reserve Fund. This fund aims to support public pensions in Ireland and ensures long-term savings for future pension liabilities.

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