Adword campaigns are real time?

For example ;
    1. Lets say Adword Campaign A is referring to List B.
    2. I used Adword API to update List B. ( removing few ids and add few 
ids)
Question :  

   - How long does List B will take to refresh?.  Based on the google's 
    documentation,  it might take up to 24 hours to complete the matching and 
   get refreshed.  Please confirm?
   - Does Adword Campaign A is realtime , meaning once List B is refreshed 
   does campaign A recognizes it and use the updated list for targeting the 
   ads.

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