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In this video tutorial, the presenter demonstrates options for saving files in Excel, including different file types and auto-save settings. For Microsoft 365 users, version history is explored. When creating a new workbook, it is given a default name (e.g., Book1.xlsx), and users must save it by going to the File tab and clicking on Save or using the keyboard shortcut Ctrl + S. The first time saving, a dialog box opens to choose the folder and name the file, with the .xlsx extension automatically appended. Various file types can be selected, with .xlsx as the default. If macros are present, save as .xlsm; options also include binary and CSV formats.