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In this video tutorial, the presenter demonstrates how to save files in various formats, particularly for Microsoft Excel users. Upon creating a new workbook, it is initially assigned a default name like Book1 or Book2.xlsx. To save the workbook, users can navigate to the File tab and select 'Save,' or use the Ctrl+S shortcut, which prompts a dialog box to choose a save location. Users can name their file, and while it's not necessary to include the .xlsx extension, it will be automatically added upon saving. The default file type is .xlsx, but for workbooks with macros, the .xlsm format should be selected. Other file types available include binary and CSV, among others.