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Yes, if talking about megabytes and kilobytes.

A kilobyte is 1,024 bytes where as a megabyte is 1,024 kilobytes, or 1,048,576 bytes.

Just for added confusion, when sometimes talking about hard drives, A kilobyte is 1,000 bytes where as a megabyte is 1,000 kilobytes, or 1,000,000 bytes.

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