Step 1: Concept
Newton's Second Law for a system of particles states $F_{ext} = M a_{cm}$.
Step 2: Meaning
Acceleration of the center of mass ($a_{cm}$) is the rate of change of the velocity of the center of mass ($v_{cm}$).
Step 3: Analysis
If $F_{ext} = 0$, then $a_{cm} = 0$. When acceleration is zero, the velocity does not change.
Step 4: Conclusion
Hence, the velocity of the center of mass remains constant.
Final Answer: (A)