The Prize in Economic Sciences in Memory of Alfred Nobel was established by

the Nobel Foundation, out of Nobel's bequestCorrect answerYour answerthe Royal Swedish Academy of Sciences, in 1901Correct answerYour answerSveriges Riksbank, Sweden's central bank, in 1968Correct answerYour answerthe Norwegian Nobel Committee, in 1969Correct answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer C

Correct answer: C

Sweden's central bank established the prize in 1968.
It is awarded in memory of Alfred Nobel but is not in his will and is not paid from his bequest.
That is why its full name is the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.

Worth noting

Calling it the Nobel Prize in economics is the error the full name exists to prevent. A question that offers the full name is usually testing whether you know why it is that long.

Concept: The prize that is not in the will
Typical timeTypical: 55 s
Your timeYours: —

The rule this testsThe Nobel Prizes, and the one that is not one

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The Prize in Economic Sciences in Memory of Alfred Nobel was established by

Explanation