Which of the following is NOT considered an interest-bearing asset?

Real estate is not considered an interest-bearing asset because it does not generate interest income in the same way that savings accounts, bonds, or loans do. Instead, real estate can generate income through rent or appreciation in value over time. While owning real estate might yield a return on investment, that return does not come in the form of interest payments.

In contrast, savings accounts accumulate interest over time, allowing individuals to earn money on their deposited funds. Bonds represent a loan made by an investor to a borrower, typically a government or corporation, and they pay interest to the bondholder. Loans directly involve paying interest, as the borrower pays interest to the lender for the amount borrowed. Therefore, real estate stands out as the option that does not align with the definition of an interest-bearing asset.