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This video tutorial covers file-saving options in Excel, including various file types, autosave settings, and version history for Office 365 users. When creating a new workbook, it starts with a default name like Book1.xlsx. To save it, go to the File tab and click Save or use the keyboard shortcut Ctrl + S. The first time you save, a dialog box appears to choose the folder and name for the file. The .xlsx extension will be automatically added upon saving. Users can select from different file types, with options including .xlsm for macro-enabled workbooks, binary, and .csv, depending on their needs.