Final answer:
Bile is stored in the gallbladder, a tiny organ located beneath the liver, and is released into the small intestine to help in the digestion and absorption of fats.
Step-by-step explanation:
Bile is an essential fluid in the digestive process, and its storage location is within the gallbladder. This small, hollow, pouch-like organ is situated just under the right side of the liver. The primary role of the gallbladder is to store and concentrate bile produced by the liver.
When fatty foods are consumed, the bile stored in the gallbladder is released into the small intestine through a system of ducts, to aid in the digestion and absorption of lipids. Bile also has a role in neutralizing acids from the stomach, emulsifying fats into smaller molecules for easier digestion, and aiding in the absorption of fat-soluble vitamins like vitamin K.