Same question. This was an extremely valuable option for me. I use Canvas quizzes as an opportunity for students to practice problems. These quizzes give the students feedback (love the feedback option where I can give an explanation/solution for problems missed). When students retake the quiz they see a different problem and I can verify that the learned the technique rather than merely memorizing the correct answer.
I realize that "Item Banks" can be used like groups, but each of my quizzes may have 4-10 groups on it. This could make managing my item banks a nightmare. Would love to see a feature like "Groups" on the New Quizzes.
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