When you grade a question against a list of exact answers, small differences in capitalization or spacing shouldn't cost a student points.
Questions using the "Exact values" scoring type now have an "Ignore whitespace and capitalization" toggle. Switch it on, and a student who writes "New York" instead of "new york", or slips in an extra space or line break, still gets full marks. Their answer is matched against your expected values regardless of casing and spacing.
This makes auto-grading short-answer and fill-in-the-blank questions far more forgiving, so you spend less time fixing up answers that were essentially right.