Concept:
The expansion of an expression of the form:
\[
(a+b)^n
\]
is determined by the Binomial Theorem.
According to the Binomial Theorem:
\[
(a+b)^n=\sum_{r=0}^{n}\, ^nC_r a^{n-r}b^r
\]
An important result from this theorem is that the total number of distinct terms in the expansion is always:
\[
n+1
\]
where \(n\) is the exponent.
Step 1: Understanding the formula for total number of terms in binomial expansion.
For any binomial expression:
\[
(a+b)^n
\]
the number of terms generated in complete expansion is:
\[
n+1
\]
This happens because the powers of the second term start from zero and continue up to \(n\).
Thus there are exactly \(n+1\) separate terms.
Step 2: Applying the formula to the given expression.
The given expression is:
\[
(x+y)^{15}
\]
Here the exponent is:
\[
n=15
\]
Using formula:
\[
\text{Number of terms}=n+1
\]
Substituting:
\[
\text{Number of terms}=15+1
\]
\[
=16
\]
Step 3: Writing the final conclusion.
Therefore, the expansion of
\[
(x+y)^{15}
\]
contains exactly:
\[
16
\]
distinct terms.
Hence,
\[
\boxed{16}
\]
So option (B) is correct.