Liquidity needs can vary based on which of the following factors?

The selection is appropriate because family situation, age, and health are significant factors that influence an individual's liquidity needs. Each of these factors contributes uniquely to a person's financial demands and planning.

Family situation affects liquidity needs as responsibilities can vary widely; for example, having dependents or being a caregiver would typically require having more cash readily accessible for emergencies, education, or health-related expenses. Age is another critical variable, with younger individuals often prioritizing savings for future investments while older individuals may need more liquid assets for retirement or healthcare costs. Health concerns can lead to unexpected medical expenses, emphasizing the need to maintain sufficient liquidity to cover such costs.

While geographical location may influence overall cost of living and access to financial resources, it doesn't directly correlate to personal liquidity needs as strongly as family situation, age, and health do. Employment status can also be a consideration, as job stability affects income and therefore liquidity; however, it might not be as enduring a factor as the one related to family dynamics and health. Personal interests can impact spending patterns but are less related to fundamental liquidity requirements.

Thus, the interplay between these aspects of an individual's life fundamentally determines their liquidity needs to ensure they have immediate access to funds whenever necessary.