If you look at the Key property, you'll see: "This algorithm supports key lengths from 128 bits to 192 bits in increments of 64 bits.".
If you want 2-key TripleDES, set the key to a 16-byte key. If you want 3-key TripleDES, set it to a 24-byte key. See this post for more information
The wikipedia entry, lists the different keying options.
The reason is there is a meet-in-the-middle attack, and 2-key TripleDES let's you avoid the attack while only using two keys. Unfortunately, there are other attacks, and so NIST considers it's strength to be about 80-bits of security. 3-key TripleDES is also vulnerable, and only has an effective strength of 112-bits.
If you have a choice, you should prefer AES over TripleDES.