For example:
$$ \frac{\ \dfrac{3}{5}\ }{\dfrac{7}{8}} $$
I was wondering if such a situation had a name, wherein both the numerator and the denominator of a fraction consist of fractions themselves. I was also wondering if this was something common, or at least in some way useful.
Any fraction of that form can be simplified:
$$ \dfrac{\ \dfrac{a}{b}\ }{\dfrac{c}{d}}=\dfrac{a}{b}\cdot \dfrac{d}{c}=\dfrac{ad}{bc}. $$