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 was (5) ______ by the British parliament.