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In this video tutorial, the presenter demonstrates how to save files using various file types and settings. When creating a new workbook, it defaults to names like Book1.xlsx. To save, go to the File tab or use the Ctrl + S shortcut, which prompts a dialog box for selecting a folder and naming the file. The .xlsx extension is automatically added upon saving. Users can select from multiple file types, with the default being .xlsx. For workbooks with macros, the .xlsm format is recommended, and options like binary and CSV are also available.