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In this video tutorial, the instructor demonstrates how to save files in various formats and manage auto-save settings, particularly for Microsoft 365 users. Initially, when a new workbook is created, it is given a default name (e.g., Book1.xlsx). To save the workbook, users can navigate to the File tab and select "Save," or use the keyboard shortcut Ctrl + S. The first time saving prompts a dialog box to choose a folder and name the file, with the .xlsx extension automatically appended upon saving. Users can select from different file types, with .xlsx as the default, and options include .xlsm for macro-enabled files, binary, and .csv formats.