Answer
The equation matches with the graph labeled as III.
Work Step by Step
Hyperbola with a horizontal transverse axis:
$\frac{x^2}{a^2}-\frac{y^2}{b^2}=1$
$\frac{x^2}{4}-\frac{y^2}{1}=1$
$a^2=4$
$a=2$
Vertices: $(±a,0)=(±2,0)$
The hyperbole with vertices in $(±2,0)$ is the graph labeled as III.