I have a hosted account made on youtube , i recently created a blog.I wanted to display ads on the blog. Shall i create ad formats and start display ads on the newely created blog using that adsense account made via youtube monetization.......
Are you talking about putting them on blogger? If so then you should be able to link the accounts I think (anyone expand on this?). If it's a self hosted blog then forget it as they will just show as blank spaces.
If ur talking about a blogger hosted blog yes u could link your adsense account from the monetization option in blogger however it won't work on a WordPress or any other blog service