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the fundamental operations in math are, addition +, subtraction -, division /,and multiplication x ..
x - + /
plus, minus, times & over
That refers to addition, subtraction, multiplication, and division.
I never heard about "four fundamental fractions". There is a concept of fundamental operations, which refers to addition, subtraction, multiplication and division, but I don't think that "fundamental fractions" has any commonly-accepted meaning in math.