EMF is a widely used abbreviation for "electromagnetic field"
Never in any technical documentation!
Unwanted (non-deliberate) electromagnetic radiation or emissions are classed as "EMI" - Electromagnetic interference.
Note that
any alternating magnetic or electric field results in some level of electromagnetic radiation.
Back to the original question:
There are two modes of emission from the cables.
Purely magnetic, which will cancel to some extent due to the opposite flow in the two conductors.
"Antenna" effect due to the applied voltage. The two conductors act as a voltage divider so the far end (shorted point) of the cable will have some voltage on it relative to the ground of the audio signal source (assuming it's a single ended 0v & audio type signal generator).
Radiated signal due to the antenna effect will cause a slight imbalance in current between the two conductors.
The coaxial cable should have the lowest EMI level as the symmetrical construction means the magnetic field has best balance.
The figure-of-eight cable, assuming it is untwisted, can be considered as a very long thing single-turn coil so the magnetic field around it will be much stronger; a rather higher EMI level.
If the audio source was balanced so the outputs were symmetrical about ground, that would reduce or eliminate the antenna effect.
The figure of eight cable would then be better as it's resistance should be equal in both legs, so the junction would have no net voltage.
Coax is likely to have unequal resistance so still have some voltage at the end junction.
If the figure of eight cable were twisted evenly over its length, the magnetic field would cancel out at each half twist so the overall emission would be minimal. That's why twisted-pair cables and balanced signals are used in data communications and audio.