Click the link below to find a direct answer under 'Backup and Recovery':
https://docs.oracle.com/en-us/iaas/dbcs/doc/oracle-base-database-service.html#:~:text=You%20can%20store%20backups%20in,OCI%20Classic%20Object%20Store.
YES: A. You can store your DB system database backups in Oracle Cloud Infrastructure Object Storage.
C. You can store your DB system database backups locally in the Fast Recovery Area of the DB system.
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