Although you can use your checking account as a reserve account for your cash, much like a savings account, it may not be the best option for that purpose. Most checking accounts do not earn interest, and even those that do typically earn less than a savings account at the same financial institution.
As is the case with other forms of government in American political theory, local governments derive their power from the people; in practice, local governments receive their authorization from their respective states.
A government in wich officials are elected by the people is called a? Representative government. Of course, there are many different types of Representative government - for instance, the People's Republic of China, the United States of American â¦, and the United Kingdom all have a form of representative government, though the details (and result) differ greatly.