Step 1: Identify the nucleophile and substrate:
The nucleophile is the second alcohol molecule, the substrate is the protonated alcohol with $\text{H}_2\text{O}$ as the leaving group.
Step 2: Apply the definition:
A one-step reaction whose rate depends on both species is bimolecular nucleophilic substitution.
Step 3: Pick:
Option B.
Final Answer:
A second alcohol attacks the protonated alcohol, which is an SN2 step.
\[ \boxed{\text{(B) }\text{Nucleophilic substitution bimolecular reaction}} \]