The units given are all used to measure length but vary greatly in magnitude:
- A parsec is a very large unit used to measure astronomical distances, equal to approximately 3.26 light years.
- A nanometer is 10^{-9} meters, often used to measure atomic and molecular distances.
- A fermi (also known as a femtometer) is \(10^{-15}\) meters, the smallest unit listed here, used to measure nuclear sizes.
- An angstrom is \(10^{-10}\) meters, used to measure atomic dimensions, but larger than a fermi.
Among these, the fermi is the smallest unit for length. Therefore, the correct answer is option (3), fermi.