What Does the Term Negotiable Mean, with Regard to Negotiable

Multiple Choice

What does the term negotiable mean, with regard to negotiable certificates of deposit?

A) The CD can be sold to another investor if the owner needs to cash it in before its maturity date.
B) The rate of interest on the CD is subject to negotiation.
C) The CD is automatically reinvested at its maturity date.
D) The CD has staggered maturity dates built in.
E) The interest rate paid on the CD will vary with a designated market rate.