Yes, fractions can be ordered from lowest to highest. It's called "ascending order."
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Finding the lowest common denominator
It is: 0.050 = 1/20 as a fraction in its lowest terms
It is: 5.4 = 27/5 in its lowest terms
When reducing fractions to their lowest terms
When adding or subtracting fractions with different denominators and when reducing fractions to their lowest terms.