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 where one person makes all the rules. A government where decisions are made by a group known as the elite (intelligence/race/money). A government where laws are made by god, but interpreted by a religious figure. A government where the nation comes before the individual. Most of the power is focused on the government, and usually one leader. Strict laws and punishments exist to keep.