As is often the case with 21st-century updates biggest changes to the VW camper vans comes under the hood and in the dash. Under the hood, the California sports a new, Euro-6 level emissions compliant diesel engine that develops 148 hp. Thatâs 10 more hp than the outgoing T5 model, but the T6 gets 44.1 MPG, as opposed to the T5âs 39.2 mpg rating.
Definition: The Fed funds rate is the interest rate banks charge each other to lend Federal Reserve funds overnight. These funds maintain the Federal reserve requirement. That's what the nation's central bank require they keep on hand each night.
Prime rate, fed funds, COFI. What it means: The interest rate at which banks and other depository institutions lend money to each other, usually on an overnight basis.The law requires banks to keep a certain percentage of their customer's money on reserve, where the banks earn no interest on it.ow it's used: Like the federal discount rate, the federal funds rate is used to control the supply of available funds and hence, inflation and other interest rates.