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.
American Government . Unit 1: Foundations of Government . CHAPTER 1: PRINCIPLES OF GOVERNMENT . Section 1. What is Government? Dictatorship has all the power . Democracy power is shared . Legislative Power â make laws . Executive Power â carry out laws . Judicial Power â interpret laws . State: Nation â¢ Population â¢ Territory â¢ Sovereignty â¢ Government