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B1 Unit 40: Money & shopping 2

16 B1 words: fund, debt, exchange rate, grant, afford, exclusive… Learn them in 4 steps, then review them every day.

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Word list

WordMeaningExample
fund/fʌnd/ n/vfundmoney collected for a particular purposeThe school needs a fund to buy new books.The school needs a fund to buy new books.
debt/dɛt/ ndebtmoney that you owe to someoneLucy paid off her debt in two years.Lucy paid off her debt in two years.
exchange rate/ɪksˈtʃeɪndʒ reɪt/ nexchange ratethe value of one money compared to anotherThe exchange rate for dollars changes every day.The exchange rate for dollars changes every day.
grant/ɡrænt/ n/vgrantmoney given for a special purposeThe student won a grant to study abroad.The student won a grant to study abroad.
afford/əˈfɔrd/ vto affordto have enough money for somethingAli cannot afford a new car.Ali cannot afford a new car.
exclusive/ɪksˈklusɪv/ adjexclusiveonly for a few rich peopleThis is an exclusive shop for very expensive clothes.This is an exclusive shop for very expensive clothes.
valuable/ˈvæljəbəl/ adjvaluableworth a lot of moneyThis old watch is very valuable.This old watch is very valuable.
pocket money/ˈpɑkət ˈmʌni/ npocket moneymoney children get from parentsThe boy saves his pocket money for a new bike.The boy saves his pocket money for a new bike.
guarantee/ˌɡɛrənˈti/ nguaranteea promise to repair or replace a productThe watch has a two-year guarantee.The watch has a two-year guarantee.
reduction/rəˈdʌkʃən/ nreductiona decrease in price or amountThere is a ten percent reduction on all coats.There is a ten percent reduction on all coats.
currency/ˈkɝənsi/ ncurrencythe money used in a countryThe currency in Japan is the yen.The currency in Japan is the yen.
discount/dɪˈskaʊnt/ ndiscounta lower price than usualYou get a discount if you buy two.You get a discount if you buy two.
luxury/ˈlʌɡʒɚi/ nluxurygreat comfort and expenseThe hotel offers luxury rooms with sea views.The hotel offers luxury rooms with sea views.
reward/rɪˈwɔrd/ nrewardsomething given for good workThe dog’s owner offered a reward.The dog’s owner offered a reward.
invest/ˌɪnˈvɛst/ vto investto put money in something to earn moreAnna invested her savings in a small business.Anna invested her savings in a small business.
pound/paʊnd/ npoundthe money used in the UKThe book costs ten pounds.The book costs ten pounds.