Which of the following statements is false concerning fractional reserve banking in the U.S.? Fractional-reserve banking 1. Limits total lending to the amount of funds on deposit I. Prevents banks from using excess reserves to make loans to borrowers Ml. Restricts banks from lending more funds than they have on deposit Select one: O A only O B. I and I only O C. and ill only OD LI and I Which of the following statements is false concerning non-depository intermediaries? I. In aggregate they loan considerably less money than the nation's depository institutions II. They increase the velocity of arculation of the money supply when making loans II. They are prevented by law from making commercial loans, since they are not commercial banks Select one: O a. Tonly O b. I and Il only Ocland Will only Od. I, and I Which of the following are able to create new money in the form of credit when making loans to borrowers? Commercial banks Il. Insurance companies IL Mutual funds Select ones OA only OB. I and I only OCI and only OD LIL and