International Baccalaureate (IB) Practice Exam

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Prepare for the International Baccalaureate Exam with comprehensive quizzes including multiple choice questions and detailed explanations to boost your confidence. Hone your skills with our expertly crafted materials!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What is the total estimated student loan debt outstanding (unpaid) over?

$1 billion.
$10 thousand.
$7 trillion.
$1 trillion.

The correct answer is: $1 trillion.

The total estimated student loan debt outstanding in the United States is accurately reflected in the choice of $1 trillion. This figure encompasses the aggregate amount of unpaid student loans among borrowers, indicating a significant financial burden on the student population. As of recent estimates, the national student loan debt has experienced considerable growth, nearing and surpassing the trillion-dollar mark, making it a pressing issue in educational finance and economics. Choosing a lower figure, such as $10 thousand or $1 billion, does not align with the current realities of student debt, as these amounts are substantially lower than what has been reported by financial agencies and education departments. The $7 trillion option is also incorrect, as it significantly exceeds the current estimated totals for student loans. Thus, $1 trillion is the closest, most accurate representation of the outstanding student loan debt.