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This video tutorial provides options for saving files, different file types, and auto-save settings. For 365 users, the tutorial also covers version history. When creating a new workbook, it is given a default name such as Book1 or Book2.xlsx. To save the workbook, go to the File tab and click Save, or use the keyboard shortcut Ctrl+S. The first time you press Ctrl+S, it will prompt you to choose a folder to save the workbook in and give it a name. It is not necessary to include "xlsx" in the name as it will be automatically appended. Various file types are available to choose from, with xlsx being the default. For workbooks with macros, saving it as xlsm is recommended. Binary and csv options are also available. Take your time to browse through the available file types.