Answer:
Yes. Note, however, that there are issues with the size of PowerPoint files. They tend to contain additional information that is not required for display only and embedded graphics are often much larger than they need to be. In extreme cases your PowerPoint may be too large to upload to Moodle. Microsoft has some advice on reducing file sizes here: http://office.microsoft.com/en-us/powerpoint/HA011168821033.aspx
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