# How many relations are there between the set A and B?

$A =\{1,2,3\}$ and $B=\{a,b\}$

Based on the text, the number of relations between sets can be calculated using $2^{mn}$ where $m$ and $n$ represent the number of members in each set.

Given this, I calculated this number to be $2^{6}=64$ but this number seems too large.

Did I correctly calculate this value?

Yes, you did. There are $3 \cdot 2=6$ pairs of one element from $A$ and one from $B$. Each of these pairs can be in the relation or not, so you have six twofold choices that are independent. That gives $2^6=64$
For example: $$n(A) = p\\ n(B) = q\\ \implies n(AXB) = pq\\ Number\ of\ relations\ between\ A\ and\ B = 2^{pq}\\$$
Remember that if $n(T) = m$, then the number of subsets of set $T$ will be $2^{m}$