Git local directory question

Hi, I'm coming from SVN background and am trying to learn more about Git. In thie Git for Administrators doc, it mentioned that:

$ git clone git://git.moodle.org/moodle.git               (1)
$ cd moodle
$ git branch -a                                                   (2)
$ git branch --track MOODLE_23_STABLE origin/MOODLE_23_STABLE      (3)
$ git checkout MOODLE_23_STABLE                       (4)

Now, I'm using Windows, and after I did all that, my local C drive would have a c:\amp\server\moodle\moodle folder. Since I want to have several Moodle instances on my local C drive, can I change that last moodle folder to say, moodle23x? Would Git got confused later if I do a "git pull" (I assume this is similar to "svn update") if I change the local directory name? Thanks!