Which of the following statements is false concerning U$.$S$.$ financial intermediaries?

Question $36$Select one:

a$.$

Depository intermediaries can create credit when making loans to borrowers

b$.$

Both depository and non$-$depository intermediaries can make loans to borrowers

c$.$

Non$-$depository intermediaries can lend excess funds after meeting their own internal needs

d$.$

All U$.$S$.$ financial intermediaries are considered to be fractional reserve institutions