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What does the 'submit' button do in speedgrader?

Question asked by Samuel Yoon on Feb 7, 2019

I do not really understand the relationship between the speedgrader, the gradebook, and what the students see. If I am grading and I click submit is that official and now the student can now see their grade? Is there any way to save it as a 'draft' of sorts, so I can go back and make adjustments before releasing all the grades?