A magnet and a loop of wire that is connected to an galvanometer are in relative motion. Will a current be produced?

Answer: Yes, current will be produced.

Explanation:

The process of generating current using magnet is known as electromagnetic induction. The use of solenoid (wounded coil) and a magnet placed closed to the coil is used.

Current is generated depending on the motion of both the coil and the magnet. For current to be produced, one of them must be stationary while the other is moving (i. e there must be relative motion between them.)

So according to the question, there will be deflection in the galvanometer (since motion is relative) which shows that current has been produced.