Oh, dude, let me break it down for you. So, to check if 56/196 is equivalent to 132/462, you gotta simplify both fractions. And guess what? After simplifying, both fractions reduce to 7/25. So, yeah, they are equivalent. Like, it's as easy as stealing candy from a baby.
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Yes - when reduced to a proper fraction in their simplest forms, 56/196 and 132/462 are both equal to 2/7 or two sevenths.