Yes, one yard is 36 inches (or 3 feet) while two feet is 24 inches.
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Two thirds of a yard is exactly two feet. One third of a yard is one foot; there are three feet to a yard.
One foot is two feet shorter than one yard.
3 feet equal one yard, so 2/3 of one yard is 2 feet.
A yard is three feet, two yards are six feet, the difference is three feet.
There are 3 feet in one yard. Therefore, two thirds of a yard is equal to 2 feet.