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AdWords standard edition account structure 

Account
At the account level, you set your email address, password, billing information, and user preferences. These settings remain the same for everything in your AdWords account.

Campaigns
Under the account level, you have one or more different campaigns. For each campaign, you set your daily budget, language and geographic targeting, the types of sites you want to advertise on, and start and end dates.

Ad groups
In each campaign, you can have a number of ad groups. At the ad group level, you write your ads, pick your keywords and determine the cost per click you want to pay.

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