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\frac{3}{2}\times \frac{4}{3}
Multiply 3 and \frac{1}{2} to get \frac{3}{2}.
\frac{3\times 4}{2\times 3}
Multiply \frac{3}{2} times \frac{4}{3} by multiplying numerator times numerator and denominator times denominator.
\frac{4}{2}
Cancel out 3 in both numerator and denominator.
2
Divide 4 by 2 to get 2.