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China was the first country to introduce paper money (in 812), but it wasn't until 1661 that a bank (Banco-Sedlar of Sweden) issued banknotes. If the arm of King Henry I of England had been 42 inches long, the unit of measure of a "foot" today would be fourteen inches. But his arm happened to be 36 inches long and he decreed that the "standard" foot should be one-third that length: 12 inches.
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