Step 1: Understanding the expression.
We are tasked with evaluating the limit of the expression:
\[
\lim_{n \to \infty} \left( 1 + \frac{2}{n} \right)^{n^2} e^{-2n}.
\]
This involves two components: the term \( \left( 1 + \frac{2}{n} \right)^{n^2} \) and the exponential term \( e^{-2n} \).
Step 2: Analyzing the first term.
The expression \( \left( 1 + \frac{2}{n} \right)^{n^2} \) resembles the form \( \left( 1 + \frac{1}{n} \right)^n \), which approaches \( e \) as \( n \to \infty \). However, since we have \( n^2 \) in the exponent, the limit of this term can be evaluated using the approximation:
\[
\left( 1 + \frac{2}{n} \right)^{n^2} \approx e^{2n}.
\]
Step 3: Combining the terms.
Now, combining both parts of the expression:
\[
e^{2n} \cdot e^{-2n} = e^{0} = 1.
\]
Thus, the value of the expression is \( e^{-2} \).
Step 4: Conclusion.
The correct answer is (A) \( e^{-2} \).