Yes. Only a perpendicular component produces a torque.
Answer:
G M m / R^2 = m v^2 / R gravitational force = centripetal force
G M = v^2 R = constant
As v increases R will must decrease
Take the moon as an example
S = 2 pi R where R is about 240,000 miles for one orbit
S / 1 day = 54,000 miles/day for a 28 day circuit
S / 1 hr = 54000 / 24 = 2200 mph which is much less than a satellite in orbit
Electromagnetic wave bc I studied that early in the year
Q = C.v
v = Q/C
v = 4 × 10^(-10)/250
= 4 × 10^(-10)/2.5 × 10^2
= 1.6 × 10^(-12) volt