"Estoy bien, gracias" is a phrase which is often translated as "I'm fine, thanks", and "hola" is an interjection which is often translated as "hello". Learn more about the difference between "estoy bien, gracias" and "hola" below.
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estoy bien, gracias
A phrase is a group of words commonly used together (e.g once upon a time).
1. (I don't need anything else)
2. (I'm in good health)