Mb is a measurement of capacity while GHz is the amount of how many times the processor completes a cycle (in the millionths) per second. For example, 2 GHz would result in 2,000,000 cycle per second. Where I can see he/she's getting at are how many Mb/s can the processor process. This is all in the matter of the Front-Side Bus of the processor. Here's a mental image: Pretend that the processor is an hourglass. The gap in the center would be the Front-Side Bus. You would get as many grains as you have RAM. The larger the gap, the faster the grains fall through.
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" 2.4 GHz " means "2.4 billion per second".
100 billion instruction per second.
1 Gigahertz (GHz) is equal to 1 billion cycles per second.
4 billion
85.0666667 feet per second