As the loop moves through the magnetic field, it will experience a change in magnetic flux. This change in flux will induce an electric current in the loop, according to Faraday's Law of Induction.
The orientation of the loop relative to the magnetic field will determine the direction of the induced current. If the loop is parallel to the field, no current will be induced. If the loop is perpendicular to the field, the induced current will be at its maximum.
The strength of the induced current is influenced by the strength of the magnetic field, the speed at which the loop is moving through the field, and the size and shape of the loop.
Yes, a changing magnetic field can still induce a current in a stationary loop. This is because the magnetic field itself is changing, which results in a changing magnetic flux through the loop.
Pulling a rectangular loop through a magnetic field is the principle behind the functioning of electric generators and motors. It is also used in technologies such as magnetic levitation and magnetic braking.