Final answer:
The term "literature" in Bob Dylan's "Nobel Prize Banquet Speech" refers to writing that affects culture.
Step-by-step explanation:
The term "literature" in Bob Dylan's "Nobel Prize Banquet Speech" refers to writing that affects culture (option d). Literature, in its broadest sense, includes any written work that possesses literary merit. It can be fiction or non-fiction, poetry or prose. Literature is often categorized according to historical periods or aesthetic features.