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.
Let me define a few of the common terms used in the media: 1. Federal Funds Rate: The interest rate (controlled by the Fed) which banks charge each other on overnight loans. This is usually the rate that the Fed keeps adjusting. 2. Discount Rate: The interest rate charged by the Fed on its own loans to banks. 3. Prime Rate: the interest rate banks give their best customers and has a direct effect on other rates for mortgages and car loans.