$ A $ is a commutative ring, $ \mathfrak{p} \in \mathrm{Spec} A $, $ A_{\mathfrak{p}} = ( A \backslash \mathfrak{p} )^{-1} A $, $ \mathrm{Frac} ( A / \mathfrak{p} )$ is the field of fractions of $ A / \mathfrak{p} $.
I would like to know why is $ \mathrm{Frac} ( A / \mathfrak{p} ) = A_{\mathfrak{p}} / \mathfrak{p} A_{\mathfrak{p}} $ ?
Thanks a lot.
The fast answer is that localization is an exact functor, so that the exact sequence $$0 \to {\mathfrak p} \to A \to A/{\mathfrak p} \to 0$$ is taken by localization to an exact sequence $$0 \to {\mathfrak p}A_{\mathfrak p} \to A_{\mathfrak p} \to (A/{\mathfrak p})_{\bar{\mathfrak p}} = (A/{\mathfrak p})_{(0)} = \mbox{Frac}(A/{\mathfrak p}) \to 0,$$
showing what you want.
But we can be lower-tech. First off, $A_{\mathfrak p}$ is a local ring, with maximal ideal ${\mathfrak p} A_{\mathfrak p}$, so you know at least that $k({\mathfrak p}) = A_{\mathfrak p}/{\mathfrak p}A_{\mathfrak p}$ is a field.
Consider the map $a \mapsto a/1\colon A \to A_{\mathfrak p}$ followed by the quotient map $A_{\mathfrak p} \to k({\mathfrak p})$.
I claim the kernel of the composition $A \to k({\mathfrak p})$ is ${\mathfrak p}$. Indeed, the kernel is made up of those elements $a \in A$ such that $a/1 = p/s \in {\mathfrak p} A_{\mathfrak p}$, where $p \in {\mathfrak p}$ and $s \in S = A \setminus {\mathfrak p}$, meaning there is $t \in S$ such that $t(sa-p) = 0$ in $A$, or $tsa = tp \in {\mathfrak p}$. Since $ts \in S$, it follows that $a \in {\mathfrak p}$.
So the map descends to an injection $A/{\mathfrak p} \to k({\mathfrak p})$. To see this is the field of fractions, it suffices to show every nonzero element of $A/{\mathfrak p}$ is invertible in $k({\mathfrak p})$ and every element of ${\mathfrak p}$ is a fraction of elements in the image of $A/{\mathfrak p} \to k({\mathfrak p})$.
If $\bar s \in A/{\mathfrak p}$ is nonzero, then it has a preimage $s \in S = A \setminus {\mathfrak p}$, so there is an $s^{-1} \in A_{\mathfrak p}$ and hence a $(s + {\mathfrak p}A_{\mathfrak p})^{-1}$ in the quotient $k({\mathfrak p})$.
As for fractions generating, everything in $k({\mathfrak p})$ is of the form $(a/s) + {\mathfrak p}A_{\mathfrak p}$ for $a \in A$ and $s \in S$. But this is $(a + {\mathfrak p}A_{\mathfrak p})(s + {\mathfrak p}A_{\mathfrak p})^{-1}$.