3) A closed, circular loop has a counter-clockwise current owing through it as viewed by a person on the right, as shown in the gure. If a second closed circular loop with the same radius approaches this loop with constant velocity along a common axis as shown, in what direction will a current ow in the approaching loop as viewed by the person on the right? M ----- A) clockwise B) counter-clockwise C) No current will be induced because the velocity of approach is constant