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efectivo (noun)
Money in the form of coins or banknotes; cash.
"¿Puedo pagar en efectivo o solo con tarjeta?"
Think of 'EFFECTIVE' money. Cash is the most 'effective' way to pay in a market because it works instantly.
Saying 'la efectivo' instead of 'el efectivo'.
Using 'efectivo' to mean 'actual' (present).
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