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How to cut/paste files & folders in OS X
1) command+drag = move
2) option+drag=copy
3) option=command+drag=make alias(shortcut)
File management within the same drive/partition:
1) The act of drag-drop alone will move the file. There is no need to use “command+drag”
2) If you want to duplicate the file. Then option+drag is what you want (as others have pointed out, a green circle with a “+” will be displayed under the curser).
File management across two different drives/partitions:
1) Drag-drop alone will duplicate the file onto the second drive by default. Option+drag not necessary.
2) If you wish to move the file (leaving no copy on the original drive), then command+drag comes into play. The green-circle with the “+” icon will disappear from beneath the cursor.
Both cases:
3) Making aliases is the same for each. alt+command+drag