In the following question, out of the four alternatives, select the alternative which best expresses the meaning of the idiom/phrase.down to the wire

In the following question, out of the four alternatives, select the alternative which best expresses the meaning of the idiom/phrase.
down to the wire
1). removing the bondage that is keeping one down
2). the last second before the bomb explodes
3). to denote a situation whose outcome is not decided until the very last minute
4). finishing all of one's resources to the last penny

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