Valley National Bank Issued a Note Promising to Repay an Investor

Valley National Bank issued a note promising to repay an investor on October 1,2011,three years from the date of issue,plus interest.The note

A) is a certificate of deposit,and it will pay a lower rate of interest than a regular savings account at Valley.
B) is a certificate of deposit,and it will pay a higher rate of interest than a regular savings account at Valley.
C) is a certificate of deposit,and whether the bank pays a higher or lower rate of interest than it pays on its regular savings accounts depends upon particular bank policy.
D) constitutes a trade acceptance.