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\frac{3}{4}\times \frac{2}{3}
Divide \frac{3}{4} by \frac{3}{2} by multiplying \frac{3}{4} by the reciprocal of \frac{3}{2}.
\frac{3\times 2}{4\times 3}
Multiply \frac{3}{4} times \frac{2}{3} by multiplying numerator times numerator and denominator times denominator.
\frac{2}{4}
Cancel out 3 in both numerator and denominator.
\frac{1}{2}
Reduce the fraction \frac{2}{4} to lowest terms by extracting and canceling out 2.