Equivalent fractions have the same value.
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It means that it has the same value as some other fraction. For example, 2/4 is the same as 1/2.
It is an equivalent fraction.
A ratio is the same as a fraction.
0.32 = 32/100 = 8/25 which cannot be simplified further. However, there are infinitely many fractions with the same value.
The fraction that you get when you multiply the numerator and denominator of the original fraction both by the same number.