Step 1: Recall the significance of the T-wave.
The T-wave in an ECG represents
\[
\boxed{\text{Ventricular repolarization}.}
\]
Step 2: Effect of potassium on ECG.
An increase in blood potassium level (hyperkalemia) produces
\[
\boxed{\text{Tall, peaked T-waves}.}
\]
Hypokalemia, on the other hand, causes flattened T-waves.
Step 3: Choose the correct option.
Hence,
\[
\boxed{(B)}
\]
is the correct answer.