MS Word
A template stores :

All of the listed here
Graphics, text, styles, macros
Customized word command setting
Auto text entries

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MS Word
How can you apply exactly the same formatting you did to another text?

Copy the text and paste in new location. Then type the new text again
Select the text then click on Format Painter and select the new text
Copy the text and click on Paste Special tool on new place
All of above

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