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Which statement best describes the relationship of photosynthesis and energy? The process of photosynthesis is energy-storing because the process converts light energy into chemical energy, which is stored in the bonds of glucose. The process of photosynthesis is energy-releasing because the process converts light energy into free energy that can be used for cell functions. The process of photosynthesis is energy-conserving because no energy is used throughout the process of forming glucose and oxygen molecules. The process of photosynthesis is energy-wasting because photosynthesis is an inefficient process that depletes the cell of energy stored in the bonds of glucose.