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.
So federalism is a centralized government with sub-ordinate, but equal, parts or states. democracy is: 1. Government by the people, exercised either directly or through elected representatives. 2. A political or social unit that has such a government. 3. The common people, considered as the primary source of political power. 4. Majority rule. 5.