Hi

Absolutley, however you are needing a plugin

You may check out below tutorial resoruces


https://www.wpbeginner.com/wp-tutorials/ultimate-guide-to-creating-a-wordpress-membership-site/
https://www.wpbeginner.com/plugins/5-best-wordpress-membership-plugins-compared/

Hope this helps.

Yes, yo most certainly can create a membership site.
You can add a plugin to make it happen. 6 Things To Do When Creating A Membership Site

There are many memer site plug-ins. I have had everything from offering an affiliate program for my local SEO site to a classifieds site and have used S2 Member to do Word Press member projects as well.

Yes, you can, and once signed into your dashboard you can go to settings and see subscription settings. You can also check out plugins as feigner suggested.

there are membership plugins for wordpress...
to get the best it may be worth going premium, but explore the free ones and see if they have the features you need...
remember you are limited on the number of visitors per month on your account to 500,000....
good luck
phil