> However that type of test is generally bad because it more measures speed then skill.

Isn't speed and fluency part of skill and mastery of the material?

> Just think about it - when was the last time you had a final exam where literally every person handed in the exam at the last moment. When i was in school, the vast majority of people handed in their exam before the time limit.

I think almost all of my high school exams and at least half of my college finals had >90% of students remaining in the exam hall when the proctor called time.