The sub-prime crisis has pushed millions of people in the quagmire of financial indebtedness.

Solution

Quagmire means an awkward, complex, or hazardous situation.
Tranquility means the quality or state of being calm.
So, tranquility and quagmire are antonyms.
Hence, option C is the correct answer.

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The sub-prime crisis has pushed millions of people in the quagmire of financial indebtedness.

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