Read the case “Defending the Brazilian Real” and answer the following questions. 1. Slide 1: See PowerPoint template provided with this portfolio exam. 2. Slide 2: Answer should be one paragraph. Explain the mechanism by which the real plan helped to defeat hyperinflation in Brazil and the actions the Brazilian government took to defend the peg of the real against the dollar 3. Slide 3: Answer the question and make a voice recording (maximum of 2-minutes) explaining the slide (see instructions above). Do you think the Brazilian government was successful to place a high value on defending the peg of the real against the dollar? Critically evaluate the case by using the framework in the PowerPoint template provided with this portfolio exam. 4. Slide 4: Answer the question and make a voice recording (maximum of 2-minutes) explaining the slide (see instructions above). In August 1998, the country started to lose foreign exchange at an alarming rate due to the Russian currency crisis. Critically evaluate the Brazilian Government’s reaction and the market response to this crisis by using the framework in the PowerPoint template provided with this portfolio exam. 5. Slide 5: Your recommendations should be in the form of bullet points. Make a voice recording (maximum of 2-minutes) explaining the slide (see instructions above). Inflation, the traditional problem of Brazil had given way to price stability and investor confidences appeared to have returned to Brazil in 1998. However, by the summer of 1998 a slowdown in the economy was appearing. Based on these observations make recommendations of what actions the government could have taken to prevent the recession and capital flight before August 1998. Article