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The standard time to get back about an offer is two business days. So if the offer letter doesn't specify anything different it's most likely that. You can contact them and say you need more time to consider, but that may not be well received. It's usually assumed that 48 hours would be plenty of time to do whatever thinking is required.
If you just got an offer but are waiting to hear from another company, you can usually ask for a few days to a week to respond. Just be polite, thank them, and check their timeline; most places will understand if you need time to decide. Communicate honestly so you don’t lose one while hoping for the other, and keep both options open with clear updates.