Monetize vs Track?

Liquidsolidus9000

I Love YTtalk
What exactly is the difference of "Monetize in all countries" vs "Track in all countries"? Youtube's explanation doesn't make too much sense to me.
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What YouTube says:
You can handle a claimed video in one of three ways:

  • Monetize: Allow users to view the video and display advertisements with it

  • Track: Allow users to view the video without advertisements; collect statistics about video views

  • Block: Disable users from viewing the video on YouTube
 
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