The value of $\frac {1}{2 - \frac {1}{2 - \frac {1}{2 - \frac12}}}$ is 
$\textbf{(A)}\ 3/4 \qquad  \textbf{(B)}\ 4/5 \qquad  \textbf{(C)}\ 5/6 \qquad  \textbf{(D)}\ 6/7 \qquad  \textbf{(E)}\ 6/5$
Solution by e_power_pi_times_i

Calculating, we find that $\frac {1}{2 - \frac {1}{2 - \frac {1}{2 - \frac12}}} = \frac {1}{2 - \frac {1}{2 - \frac {2}{3}}} = \frac {1}{2 - \frac {3}{4}} = \frac {1}{\frac {5}{4}} = \boxed{\textbf{(B) } \dfrac{4}{5}}$.