What is the best format for external hard drive Mac and PC?

Related questions

1. Should I format hard drive to exFAT?
2. What does NTFS format mean?
3. What is exFAT formatting?
4. Can I use same external hard drive for Mac and PC?
5. Which is better exFAT or fat32?
6. Does exFAT work on Mac and Windows?
7. What format should I use for Time Machine backup?
8. Should I use NTFS or exFAT?
9. What format is compatible with Mac and PC?
10. What is an exFAT USB format?

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