A bar magnet is held above the center of a wire loop lying in the horizontal pla

Question

A bar magnet is held above the center of a wire loop lying in the horizontal plane, as shown in the figure below. The south end of the magnet is toward the loop. After the magnet is dropped, what is the direction of the induced current in the loop as viewed from above? (Select all that apply.) http://imgur.com/hSK0GLE

It is always clockwise.

It is clockwise after the magnet has moved through the loop and moves away from it.

It is counterclockwise as the magnet falls toward the loop.

It is clockwise as the magnet falls toward the loop.

It is first counterclockwise as the magnet approaches the loop and then clockwise after it has passed through the loop

Explanation / Answer

3rd option

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