A Circular Coil Lies in the Horizontal Plane, Having a Bar

A circular coil lies in the horizontal plane, having a bar magnet suspended above the coil's center with its south pole pointing down. When the magnet is released and approaches the coil, it induces

A) no current in the coil.
B) a current in the clockwise direction (when viewed from above) .
C) a current in the counterclockwise direction (when viewed from above) .
D) a large current in the coil.
E) a small current in the coil.