The statement is not entirely accurate. While some plants can adapt to varying water levels, most freshwater plants are not adapted to live in both aquatic and terrestrial environments. Freshwater plants are typically found in water bodies such as lakes, rivers, ponds, and wetlands. They have specific adaptations that allow them to survive in aquatic environments, such as specialized root structures and leaves that can absorb oxygen from the water. Terrestrial plants, on the other hand, are adapted to live on land, with roots that absorb nutrients from the soil and leaves that are optimized for photosynthesis in the atmosphere.