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In this video tutorial, options for saving files in Excel are demonstrated, including various file types and autosave settings. For Microsoft 365 users, version history is also discussed. When creating a new workbook, it is initially given a default name like Book1 or Book2.xlsx. To save the workbook, users should go to the File tab and select Save, or use the keyboard shortcut Ctrl + S. The first time this is done, a dialog box will prompt users to select a folder and name the file, with the .xlsx extension added automatically upon saving. Users can choose from several file types, with the default being .xlsx; if macros are present, the file should be saved as .xlsm. Other options include binary and CSV formats.