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Solve the following problem using Python, implementing the functions described below, one line at a time
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Description:
 def save_formsets(self, form, formsets, auto_tags=None):
 """ Hook for saving formsets. Loops through all the given formsets and calls their save method. """

        for formset in formsets.values():
            tag_handler.set_auto_tags_for_formset(formset, auto_tags)
            formset.save()