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.
November 9th, 2009 at 12:24 pm. to answer the question â what type of government we have-directly, it is a despotic regime moving towards totalitarianism (dictatorship) enabled by a sycophantic populous and criminal activity by (among others) acorn, seiu, etc.