If a magnet is moved toward a coil of wire, what will happen to the electric current in the wire according to Faraday's Law of Electromagnetic Induction?

When a magnet approaches a coil, the magnetic field through the coil changes, which according to Faraday’s Law creates an electromotive force in the wire. This force drives electrons, producing an electric current whose direction is chosen so that the coil’s magnetic field opposes the increase of flux, as Lenz’s Law states. Thus, a current flows in the coil, with its polarity set to try to keep the magnetic flux constant. For example, if the north pole of the magnet moves toward the coil, the induced current will flow counter‑clockwise when viewed from the magnet, creating a north pole at the coil’s near side to repel the incoming magnet. The magnitude of the current depends on how fast the magnet moves and how many turns the coil has.