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How long does Oracle store daily backups (Snapshots) on their servers?

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Summary:

It seems Oracle stores daily backups (Snapshots) on their server. I wonder if someone can help to clarify the following:

(1) Is there documentation on this matter?

(2) How long does Oracle store daily backups (Snapshots)?

(3) Do they store the entire application or only application configuration or data only?

(4) Do they store backups only for Planning applications or it is relevant to all Oracle applications (ERP, EPM, HCM)?

Content (required):

I have a case when Oracle (through SR) restored an application with the old data from a few days back.

Version (include the version you are using, if applicable):

Planning and Budgeting Cloud

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