It will draw the warm air across a cold space and increase circulation. Many times you'll have rooms that are cooler than others, you can pump all the warm air into a room but if it has nowhere to go it is useless. It will also end up back in the furnace to mix with the gas for combustion.
The air moving away from the furnace has to be replaced.
You will hear air circulating in the cold air return (or return air grille) when the heater or air conditioner is running.
None. Probably the home was built for forced air and converted to boiler/baseboard heating.
Cold air return vents are the ones on the wall
A cold air return is similar to a return air grille, which is needed for air to travel to the furnace to be filtered, heated OR cooled and then recirculated.
It is never a good idea to restrict or block a cold air return.
YES! If you do not have a cold air return on your furnace, you will have much higher heating bills as you will not be circulating the cold air from your home back to the furmace to be heated again.
You actually "need" only one cold air return for a forced hot air/AC system to function; however, one cold air return per level or floor improves the efficiency of the sytem.
Cold air has more density than hot air.
Purchase return air filter grilles with washable filters.
You will need to consult an air conditioning contractor.
You do not ever want to block or restrict air flow to a return air grille.