In the following passage, some words have been deleted. Read the passage carefully and select the most appropriate option to fill in each blank.

The British king, Charles I, had (1)_____ a very difficult financial situation from his father. His period saw a very high rate of inflation. He wanted to (2)____ money. Therefore, he (3) _____ creating the title of Baronet and selling it to (4) _____ candidates. However, his decision as (5)_____ by the British parliament.

Select the most appropriate option to fill in blank no. 1.