Perform the Indicated Operation $\frac { 7 } { 8 } - \frac { 1 } { 4 }$

Multiple Choice

Perform the indicated operation. Where possible, reduce the answer to its lowest terms.
- $\frac { 7 } { 8 } - \frac { 1 } { 4 }$

A) $\frac { 3 } { 4 }$
B) $\frac { 5 } { 8 }$
C) $\frac { 3 } { 16 }$
D) $\frac { 5 } { 2 }$