According to Lenz's law, the current in the outer loop will try to generate a magnetic field that would prevent the field in the inner loop to cease. Therefore, according to the figure below and the right-hand rule, the current in the outer loop will flow counter-clockwise as well.
According to Faraday's and Ohm's law:
The inner loop creates the flux that disappears of
Substitute this into the expression for the charge:
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