When a tangent and a chord intersect at a point on a circle, the angle formed between the tangent and the chord is equal to half the measure of the intercepted arc inside the angle.
In this case, the measure of the tangent-chord angle is given as 54 degrees. Therefore, the measure of the intercepted arc inside the angle would be twice that, which is:
54 degrees * 2 = 108 degrees
Thus, the measure of the intercepted arc inside the angle is 108 degrees.
Therefore, the correct answer is b) 108.