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In this tutorial, you will learn about six different types of password protection in Microsoft Excel. The video explains how to add a password for opening a file, as well as how to set a password for modifying a file. Additionally, it covers workbook and worksheet protection. To start, the presenter demonstrates how to save a blank Excel file and set a password to restrict access. You'll find instructions on navigating to the "Tools" menu, selecting "General Options," and seeing the two types of password settings available. This foundational knowledge will help secure your Excel files and project work with passwords effectively.