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They can contain anything an ordinary document in Excel can. So cells may be pre-formatted. There may be text or dates or numbers etc. already in some cells. There may be some formulas there. Cells may have borders and shading. Basically the template is done in such a way that the user can open it and just put in what they need, with everything else being there already so that they don't have to repeat a structure that they may use on a regular basis.

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Q: In Excel templates can contain what?
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