"I'm good" is a phrase which is often translated as "estoy bien", and "thank you" is a phrase which is often translated as "gracias". Learn more about the difference between "I'm good" and "thank you" below.
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A phrase is a group of words commonly used together (e.g once upon a time).
A word or phrase that is commonly used in conversational speech (e.g. skinny, grandma).
2. (I have talent)