The $E^{\ominus}$ for $Cl_{2}/Cl^{-}$ is $+1.36 \ V,$ for $I_{2}/I^{-}$ is $+0.53 \ V,$ for $Ag^{+}/Ag$ is $+0.79 \ V,$ $Na^{+}/Na$ is $-2.71 \ V$ and for $Li^{+}/Li$ is $-3.04 \ V.$ Arrange the following ionic species in decreasing order of reducing strength: $I^{-}, Ag, Cl^{-}, Li, Na$

(A) Reducing strength is inversely proportional to the standard reduction potential $(E^{\ominus})$.
Lower (more negative) $E^{\ominus}$ values indicate stronger reducing agents.
The given $E^{\ominus}$ values are:
$Li^{+}/Li = -3.04 \ V$
$Na^{+}/Na = -2.71 \ V$
$I_{2}/I^{-} = +0.53 \ V$
$Ag^{+}/Ag = +0.79 \ V$
$Cl_{2}/Cl^{-} = +1.36 \ V$
Arranging these in decreasing order of reducing strength (from most negative $E^{\ominus}$ to most positive $E^{\ominus}$):
$Li > Na > I^{-} > Ag > Cl^{-}$