bitwise shift?

desktop fff at
Wed Apr 25 22:54:12 CEST 2007

I have found a code example with this loop.

for k in range(10, 25):
       n = 1 << k;

I have never read Python before but is it correct that 1 get multiplied 
with the numbers 10,11,12,12,...,25 assuming that 1 << k means "1 shift 
left by k" which is the same as multiplying with k.

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