From 1997 to 2004,the amount of catastrophe bonds outstanding went from ____________.
A)$700 million to just over $2 billion
B)$700 million to over $4.4 billion
C)$1.9 billion to $4.4 billion
D)$4.4 billion to $700 million

Question

Quizplus · Accepted Answer

The question is asking for the change in the amount of catastrophe bonds outstanding from 1997 to 2004. The options are:
A) $700 million to just over $2 billion (an increase of $1.3 billion)
B) $700 million to over $4.4 billion (an increase of $3.7 billion)
C) $1.9 billion to $4.4 billion (an increase of $2.5 billion)
D) $4.4 billion to $700 million (a decrease of $3.7 billion)

Based on the options provided, only choice B shows an increase in the amount of catastrophe bonds outstanding from 1997 to 2004, which is consistent with the question. Hence, the answer is B.

From 1997 to 2004,the Amount of Catastrophe Bonds Outstanding Went