Final answer:
The Cut button in the Clipboard group on the Home tab is used to move selected text to another location.
Step-by-step explanation:
The button in the Clipboard group on the Home tab that is used to move selected text to another location is the Cut button. When you select text in a document and click the Cut button, the selected text is removed from its current location and placed on the clipboard. You can then paste the text into a new location by clicking the Paste button.