The correct answer is - C.) Spaniards born in Latin America.
Criollos was a term with which were described the people in the Spanish Central and South America, that were of pure Spanish descent, but were born in Central or South America. In the period of Spanish rule over this regions, the criollos were a common sight, but as the time was passing, more and more people from different ethnic and racial backgrounds started to mix, so the criollos were diminishing in numbers.