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How to change the location of my quicken data

Embarrassing, but I've messed up, apparently having all my data on an external drive. I just wanted backups to go there. So I'm looking at EDIT > PREFERENCES >BACKUP but it only tells me how to adjust frequency. It doesn't tell me how to direct the saving of the "real" file vs. the manual backups.
(I take it that auto backups cannot be directed independently. They always go with the real file. Correct?)

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