Which of the following is true concerning the PLSAs?a) They help people spend more moneyb) They are far worse than regular savings accounts in every possible way which explains why noone uses PLSAsc)They tended to be opposed by state governments which had a monopoly on lotteriesd) They are legal in only one state in the US because of how damaging they are to a state’s poorerpopulatione) We did not discuss PLSAs in this class

Question
Asked Nov 27, 2019
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Which of the following is true concerning the PLSAs?
a) They help people spend more money
b) They are far worse than regular savings accounts in every possible way which explains why no
one uses PLSAs
c)They tended to be opposed by state governments which had a monopoly on lotteries
d) They are legal in only one state in the US because of how damaging they are to a state’s poorer
population
e) We did not discuss PLSAs in this class
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The PLSAs are the Prizes Linked Savings Accounts in which some of the interest payment on bank deposits or marketing dollars is distributed as prizes based on chances. This means that the ch...

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