That should be 160,000 not 160K. 7080 was a 8-bit byte machine before IBM introduced their 16-bit byte sexadecimal machines -- which IBM called hexadecimal.
I have to correct my errors.. the 7080 was a 6-bit byte (ASCII) machine. Later IBM introduced their 8-bit byte sexadecimal machines (IBM used the word hexidecimal). IIRC each version contained an extra bit called a parity bit.