CAF (Core Audio Format) is a free audio container format developed by Apple and works on macOS 10.4 or later. It can also be opened on macOS 10.3 using QuickTime 7. Apart from audio, CAF can also hold multiple metadata such as file name, album name, composer, and more. It comes with a filename extension of .caf.
Apple QuickTime Player Soundtrack Pro Logic Studio
AC3 is an audio format designed by Dolby Digital to offer surround sound listening. This format is available on most Blu-ray and DVD media files and is played using a Dolby Digital DVD Player. Interestingly, AC3 can be output in up to six speakers of a home stereo system. On a computer, AC3 can be opened on VLC Media Player, Apple QuickTime Player, and Windows Media Player.
VLC Media Player Apple QuickTime Player Windows Media Player