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In this tutorial, the presenter demonstrates how to save files in various formats, including auto-save settings and version history for Office 365 users. When creating a new workbook, it will initially be named default (e.g., Book1.xlsx). To save it, navigate to the File tab and select Save, or use the shortcut Ctrl + S. The first time you save, a dialog box will open to choose a folder and name the file. While it’s not necessary to add ".xlsx" to the file name, it will be attached automatically upon saving. The default file type is .xlsx, but options like .xlsm (for macros), binary, and .csv are also available for selection.