A Vertical Bar Magnet Is Dropped Through the Center of a Horizontal

Multiple Choice

A vertical bar magnet is dropped through the center of a horizontal loop of wire, with its north pole leading. At the instant when the midpoint of the magnet is in the plane of the loop, the induced current at point P, viewed from above, is:

A) maximum and clockwise
B) maximum and counterclockwise
C) not maximum but clockwise
D) not maximum but counterclockwise
E) essentially zero