in the US system, 1 lb is equal to 16oz. is this a measured or exact statement

Introductory Chemistry: An Active Learning Approach
6th Edition
ISBN:9781305079250
Author:Mark S. Cracolice, Ed Peters
Publisher:Mark S. Cracolice, Ed Peters
Chapter3: Measurement And Chemical Calculations
Section: Chapter Questions
Problem 25PE: The mass of a 50.00-milliliter sample of methanol is 39.59 grams. Determine the density of methanol.
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in the US system, 1 lb is equal to 16oz. is this a measured or exact statement?

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