Posted November 11, 2020
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Active/Wait affects whether time is stopped in sub-menus, like when you've chosen the "Magic" or "Item" command. (Well, FF4 and FF5 have different magic commands for each type of magic, but you get the idea.) The pause when the main window comes up is temporary and is governed by the battle speed setting.
To get an idea of how this works, try playing FF5 (GBA or earlier) with the ATB showing and with the battle speed set to 6 (the lowest setting); you'll *definitely* notice what's going on here. (I believe that 1 disables the pause entirely. Also, you know that one level 1 time magic spell that's called something like Speed or Drag? That spell sets the battle speed to 5 for the remainder of the battle.)