A Circular Coil of Copper Wire Is Lying Flat on a Horizontal

A circular coil of copper wire is lying flat on a horizontal table.A bar magnet is held above the center of the coil with its south pole downward.The magnet and the coil are now both raised upward with the same velocities.As viewed from above,what is the direction of the current induced in the coil as the magnet approaches the coil?

A) counterclockwise
B) clockwise
C) No current is induced in the coil.
D) An emf but no current is induced in the coil.