I don't quite agree about it increasing frequency. It can increase the speed of one action potential, but isn't the frequency determined more so by the refractory period? Perhaps its both but if I had a question that asked "does mylenation increase frequency?" I would have said no, because the refractory period is a huge factor in all this.
Unless of course.......the underlying assumption is that the faster an AP, the faster you start and finish the refractory period.........and get to fire another AP away.....perhaps this is what the question means??