Step 1: Redox terminology.
A reducing agent loses electrons (undergoes oxidation), while an oxidizing agent gains electrons (undergoes reduction).
Step 2: Evaluating the ions.
Sn²⁺ can be oxidized to Sn⁴⁺, functioning as a reducing agent. Pb⁴⁺ can be reduced to Pb²⁺, functioning as an oxidizing agent.
Step 3: Conclusion.
The correct pairing is Sn²⁺ as the reducing agent and Pb⁴⁺ as the oxidizing agent.