Simplify the Fraction: Finding the Value of 2/4

Let's first try to understand what is greater and smaller than the number $\frac{2}{4}$.

Since the denominator is 4, both the larger and smaller numbers will also have a denominator of 4:

$\frac{?}{4}<\frac{2}{4}<\frac{?}{4}$

Now let's complete the numerators with numbers that will help us reach whole numbers in fractions as follows:

$\frac{0}{4}<\frac{2}{4}<\frac{4}{4}$

Let's now simplify the fractions as follows:

$\frac{0}{4}=0$

$\frac{4:4}{4:4}=\frac{1}{1}=1$

Therefore, the answer is:

$0<\frac{2}{4}<1$