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Most ads are reviewed within 1-3 days. You will see your ads status listed as “Under Review” during this process and you won’t get impressions.
Due to the Coronavirus outbreak, Google’s staff have reduced ability to review new ads and provide support. I have noticed that new Display ads are taking up to 6 days for approval at the current time.
This tip and many others are found at https://www.petramanos.com/category/tips/