Final answer:
Bile is formed by the liver and stored in the gallbladder. The liver produces bile, which aids in the digestion and absorption of lipids (fats). It is then stored in the gallbladder until it is needed for fat digestion.
Step-by-step explanation:
Bile is formed by the liver and stored in the gallbladder. The liver produces bile, which is a fluid that helps in the digestion and absorption of lipids (fats). It is then stored in the gallbladder until it is needed to aid in the digestion of fats in the small intestine.