It can be helpful for people to indicate their location when they ask questions, as in the original post. Cable requirements and availability aren't the same all over.
If corrosion is a problem, the bare wires can be dipped in dielectric grease and the excess removed before inserting in the terminal, as long as it's not being soldered.
Shielding is needed to keep outside sources of noise from affecting low level signals. Using general terms, the output from an amplifier going to a speaker can be anywhere from just under 3V (1W, 8 Ohm load) to more than 100V (1250W, 8 Ohm load) and it takes quite a bit of interference to affect the signal but as TLS mentioned, the shield makes the wire's characteristics into a capacitor and that's a problem. As voltage increases, cable dimensions need to change, too.