Which of the Below Statements Is FALSE

Which of the below statements is FALSE?

A) Directly placed paper is sold by the issuing firm directly to investors without the help of an agent or an intermediary.
B) Dealer-placed commercial paper requires the services of an agent to sell an issuer's paper.
C) Eurocommercial paper is issued and placed outside the jurisdiction of the currency of denomination.
D) While an issuer in Europe must have unused bank credit lines, it is possible to issue commercial paper without such backing in the U.S. commercial paper market.