Yes. Two eighths is exactly a quarter - which is certainly less than half !
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four eighths, which simplifies to one half.
less than
No. Seven eighths is more than one half AND three quarters.
20 of them are.
8 eighths of an inch equal one inch. So 2 inches contain 16 eighths of an inch. Half of eight is four, so half an inch contains four eighths of an inch. 16 + 4 = 20 eighths of an inch.