In the following question, you will find four other words provided alongside a given word. One of these words cannot be formed using the letters of the given word. Identify that word.
Given word : "INDEPENDENCE"

Let's analyze the frequencies of letters available in the keyword "INDEPENDENCE":
* I : 1
* N : 3
* D : 2
* E : 4
* P : 1
* C : 1

Now check the options:

* (A) NEEDED: Contains N(1), E(3), D(2) - All available.
* (B) INDEED: Contains I(1), N(1), D(2), E(2) - All available.
* (C) PEENAD: Contains the letter 'A'. There is no letter 'A' in the word "INDEPENDENCE". Thus, it cannot be formed.
* (D) DENIED: Contains D(2), E(2), N(1), I(1) - All available.