What are system clock and CPU clock; and what are their functions?
The system clock is needed to synchronize all components on the motherboard, which means they all do their work only if the clock is high; never when it's low. And because the clock speed is set above the longest time any signal needs to propagate through any circuit on the board, this system is preventing signals from arriving before other signals are ready and thus keeps everything safe and synchronized. The CPU clock has the same purpose, but is only used on the chip itself. Because the CPU needs to perform more operations per time than the motherboard, the CPU clock is much higher. And because we don't want to have another oscillator (e.g. because they also would need to be synchronized), the CPU just takes the system clock and multiplies it by a number, which is either fixed or unlocked (in that case the user can change the multiplier in order to over- or underclock the CPU).