Step 1: State the orbital velocity formula and the orbital radii.
$v = \sqrt{GM/r}$, with $GM = 3.98601\times10^{14}\ m^3\,s^{-2}$, $r_A = 7278\ km = 7.278\times10^6\ m$ (satellite A, 900 km altitude) and $r_B = 6678\ km = 6.678\times10^6\ m$ (satellite B, 300 km altitude).
Step 2: Compute the absolute velocity of satellite A.
\[ v_A = \sqrt{\frac{3.98601\times10^{14}}{7.278\times10^6}} = \sqrt{5.4761\times10^{7}} \approx 7400.1\ m\,s^{-1} \]
Step 3: Compute the absolute velocity of satellite B.
\[ v_B = \sqrt{\frac{3.98601\times10^{14}}{6.678\times10^6}} = \sqrt{5.9684\times10^{7}} \approx 7725.5\ m\,s^{-1} \]
Step 4: Divide to obtain the required ratio.
\[ \frac{v_B}{v_A} = \frac{7725.5}{7400.1} \approx 1.04398 \]
Step 5: Round off and confirm.
Rounded to three decimal places, $\dfrac{v_B}{v_A} \approx 1.044$, matching the ratio obtained directly from $\sqrt{r_A/r_B}$ and confirming that the lower, faster satellite B moves about $1.044$ times as fast as the higher satellite A.
\[ \boxed{\dfrac{v_B}{v_A} \approx 1.044} \]