Wyatt keeps $$25,000$ in an interest$-$bearing time deposit with the Bigbux Bank. While earning a relatively attractive rate of nterest, Wyatt had to agree to not withdraw any of the funds until the end of a three$-$year period. Wyatt's investment represents a$($n$)$

Multiple Choice

certificate of deposit $($CD$).$

passbook savings account.

individual deferred earnings account $($IDEA$).$

negotiable order of withdrawal $($NOW$)$ account.