11. Which ones of the following statements are FALSE?I. Investment banks are similar to commercial banks except that they invest deposits in stocks and bonds rather than loans. II. Under Federal Law, Insurance Companies can only invest their reserves in interest paying bank accounts III. Mutual Funds and ETFs both offer to investors a cheap way to diversify their risk without having to buy many individual stocks A. I and II only B. I and III only C. II and III only D. I, II, and III