Woah this is awesome @FarmGirl. I appreciate you. everything is pretty much okay but i want to know about the master key. I do have idea of owner and active keys but not master key. I don't know if it's the name though.
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Thank you :) Master Key is the backup key or password. It controls everything about one's account. It is not recommended to use it on transactions so I should probably edit the post :)
More about the keys in this post.