The principal said the remote location of the university, on the most easterly tip of Fife, made commuting difficult and said the scholarships aimed to provide Scotland-domiciled students from less affluent backgrounds with funds towards accommodation costs.

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This figure includes everything from spectators spending money on accommodation and food and drink, to the funds invested in infrastructure improvement projects, Welsh firms supplying goods and services for the event, and the wider boost it will give to the Welsh tourism sector.

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The Fed began the current round of accommodation in September of 2007 with a 50 basis point reduction in the Fed funds rate.

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