Consider the following statements regarding the purity of bullion:
1) The purity of bullion is measured in carats.
2) The higher the carat value, the more impurities are present in the bullion.
Which of the statements given above is/are correct?
Statement 1 is incorrect as the purity of bullion is measured in fineness or millesimal fineness, not in carats. Statement 2 is also incorrect as the higher the carat value, the purer the gold, and not the other way around.
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