The multiplicative identity is the number 1 because if you multiply any number by 1, you will get, as a result, the number that you started with. (You will have an answer that is identical to the number that you started with.)
A multiplicative inverse is the number that, when multiplied to the original number, will have a result of 1.
Thus, the multiplicative inverse of 2 is 1/2; the multiplicative inverse of 3 is 1/3;
the multiplicative inverse of 23 is 1/23; the multiplicative inverse of 3/4 is 4/3;
the multiplicative inverse of -1/3 is -3; etc.
The number zero has no multiplicative inverse; for all other numbers, the multiplicative inverse of x is 1/x.