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I agree with Rtrahan in most of his answer except that he got the definitions of the terms wrong. Megahertz (expressed as Mhz) is one million cycles per second while Gigahertz (Ghz) is one billion cycles per second. This is not transactions. Transactions is something else entirely. Frequency measures the number of times that the wave cycles from trough through peak to trough again. The more cycles there are, the higher the frequency and the more that can be accomplished.

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